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Australia s remarkable V-shaped economic recovery

at 12:15 am on January 27, 2021 | 38 comments After being negative on the Australian economy throughout most of 2020, we shifted gears late in the year claiming the Australian economy was “poised for a V-shaped recovery”. Our change in view was cemented after the September quarter national accounts recorded a much stronger than expected rebound in real GDP following Australia’s excellent handling of the COVID-19 pandemic: This strong recovery was driven by the household sector and came despite Victoria remaining under lockdown and detracting from national growth over the quarter: This meant the national economy would inevitably experience further solid growth over subsequent quarters as Victoria records ‘catch-up’ growth after reopening.

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The end of JobKeeper will leave workers vulnerable to underpayment and sackings, a legal group warns

Australian staff could find themselves increasingly exposed to worker right infringements with the elimination of JobKeeper, a legal group has warned.

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Australia s economy rebounds sharply in third-quarter from COVID-19 recession

Australia s economy rebounds sharply in third-quarter from COVID-19 recession
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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A look back at a year that rocked markets and the global economy

A look back at a year that rocked markets and the global economy ABC Business 27/12/2020 By business reporters Rachel Pupazzoni and Stephanie Chalmers, graphics by Alistair Kroie © Provided by ABC Health The COVID-19 pandemic didn t only cause a health crisis it shut economies down (ABC News: Alistair Kroie) The health crisis caused by COVID-19 was a once-in-a-century event, and so too was the economic fallout. Millions of jobs were lost and countless businesses went into hibernation, with many not making it out the other side. Equity markets hit record highs and posted historic plunges, with volatility surpassing the peak of the global financial crisis.

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The jobs Aussies are fleeing from

Transdev trainee bus driver Warwick Chaseling made a career change. Picture: Supplied News by Melanie Burgess Premium Content When COVID-19 hit the Australian job market, workers reacted in very different ways. Some gripped onto their jobs with new-found appreciation while others suddenly saw their career in a new light and decided to make a change. Data from job site Indeed reveals engineers and cooks were among the most likely to desire a new career following the pandemic. Nurses and physiotherapists were most likely to feel an increased desire to stay in their field. More nurses and personal care workers decided to stay in their industry since the pandemic. Picture: iStock

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