Australia shows the world what post-virus recovery could look like
Australia success in suppressing Covid-19 has sparked a snap-back in household & business sentiment, spurring economic activity, hiring and laying the ground for sustained recovery.
Alexandra Veroude 25 February, 2021 10:02 pm IST Text Size:
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Sydney: As the U.K, Europe and U.S. dare to dream about reopening and restoring their pandemic-ravaged economies, the theory that pent-up demand will drive a speedy recovery is being played out at the other end of the world.
Australia and New Zealand’s success in suppressing Covid-19 outside isolated flare-ups has sparked a snap-back in household and business sentiment, spurring activity and hiring and laying the ground for a sustained recovery. With vaccines being rolled out across the developed world, the prospect of a return to normal is tantalizingly within reach.