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at 1:00 pm on July 2, 2021 | 4 comments
Bank of Queensland CEO George Frazis has emphasised the need to prioritise the return of foreign ‘skilled’ workers and international students to alleviate so-called chronic labour shortages:
Mr Frazis… stressed that Australia had to address labour shortages and other underlying issues by having firm plans to expedite the return of skilled workers and overseas students.
“We do need to think about as a priority … how do we get skilled labour safely into Australia and then I think also it’s important for us to get foreign students back into Australia in a safe way,” Mr Frazis said.
Future growth needs open borders and supply-side reform
The so-called shock absorbers rolled out to hold the economy together have turned out to be more like a trampoline. But we canât ignore the looming headwinds.
Jun 2, 2021 â 6.59pm
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The roaring back of Australiaâs economy from the largest contraction since the Great Depression of the 1930s is now officially more than just a very impressive rebound. As yesterdayâs national accounts show, the V-shaped recovery has now lifted the economy above where it was before the pandemic hit.
But after this big rebound, without reopening the international borders, ending damaging state-wide lockdowns, and completing the delayed vaccine rollout, growth will taper off quickly from here.
Matthew Foster | Obituary | Times West Virginian
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