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© Thomson Reuters 2021.Australian economy storms ahead as COVID recovery turns V-shaped
By Swati Pandey SYDNEY©2024 GPlusMedia Inc.
16 Comments
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dagon
See Japan and the US? This is how you do it, not with GoTo subsidies and corporate welfare for crony firms like Dentsu. Otherwise you get a K-shaped recovery, which Japan and the US are proudly displaying.
Ricky Kaminski13
All this while standing up to our big dragon brothers in the North having hissy fits and trying to coerce us into line through bully tactics and a trade war. Makes you proud to be an Aussie ay ;p
Hard to fall hard when you have integrity , a clear idea of what you stand for and some old fashioned grit.
BurakuminDes
Record prices and exports of our number one earner, iron ore, to that very big dragon up north, has certainly helped our bottom line!
Jimizo
Good job, Australia.
Much better than most.
wtfjapan
So what happens when the government stops giving away cash..
so which government is spending billions on stimulus as we speak, doesnt change the fact that Australia has the virus in check, its almost life and usual business back to normally without the need of stacking corpses at the morgue and in mass graves. well done Australia this is what real leadership can achieve.
cla68
Australia doesn’t have herd immunity because of its stringent lockdowns.
lostrune2
Doing better than countries that didn't take the virus seriously
This virus is a serious matter - take it seriously, you'll come out better
Bob Fosse
So, which countries have herd immunity?
2020hindsights
cla68
Lockdowns have no effect on herd immunity, vaccines do. Once the vaccines have been rolled out, Australia will have the same herd immunity as any other nation.
Strangerland
Nowhere has herd immunity. So it's not clear what you are even talking about.
The true failures in leadership when it comes to covid won't just be how many died overall, but how long it will take some economies to recover. Countries that took the short term pain of lock downs created a sense of stability that will transfer into confidence in the markets. Some countries will take a lot longer to recover from covid than others.
lostrune2
No country yet has herd immunity
Now, the vaccines will get us to herd immunity faster than any other way
Strangerland
Some countries faster than others.
Bob Fosse
Covering tracks?