Post-covid economic bounceback keeps looking stronger: Treasury

Wed, 16 Dec 2020

Far fewer people are seen losing their jobs and the economy will bounce back sooner than expected from the ravages of covid-19, according to the latest forecasts from Treasury. Not only that, but the picture might be even better.“There are material upside risks to the near-term GDP and employment forecasts,” said Caralee McLiesh, secretary to the Treasury.“Indicators of economic activity have continued to surprise on the upside since the economic forecasts in this half-year fiscal update were finalised,” she said,...

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