Australia’s Economy Is Poised To Bounce Back

After a challenging 2020, I am optimistic about Australia’s economic prospects for 2021. According to a recent forecast by Deloitte Access Economics, our nation is among the few globally—alongside Taiwan, China, Vietnam, and New Zealand—entering this year in a strong position.

Deloitte Access Economics anticipates that 300,000 people will rejoin the workforce in 2021, with an additional 400,000 new jobs expected by the end of next year. This growth in employment is projected to drive increased consumption, subsequently bolstering the broader economy.

The resilience and adaptability of our economy are promising signs for a robust recovery. As we move forward, it is crucial to stay informed and adaptable to these changes. For those interested in a deeper dive into the forecast. Read the full article here

Troy MacMillan

Chief Executive | The Wealth Designers.