The Australian economy is unlikely to see a “lasting drop” in potential growth due to the COVID-19 crisis and should see a sustainable recovery, according to new analysis.
Moody’s Investors Service has released its analysis of the impact of the coronavirus pandemic on the Australian economy and has forecast the road to recovery in 2021.
According to the report, there would not be a “lasting drop” in potential economic growth as a result of the COVID-19 crisis, notwithstanding shorter-term impacts on investment and migration.
Click HERE to read the full article published by Mortgage Business on 27 November 2020.
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