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The economy is hotter than we think – The Australian Financial Review

The Reserve Bank of Australia, economists and the federal government keep underestimating the strength of the economic recovery.

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Job ads and business hiring intentions are high.
Businesses are complaining of worker shortages, exacerbated by international borders remaining closed to foreign workers this year. And regional communities are crying out for staff, in response to high commodity prices and rain-soaked farming output.
Auscap Asset Management portfolio manager Tim Carleton has spent recent weeks talking to dozens of executives at listed and unlisted companies. He says they are reporting shortages of workers in home…

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