Business
Pandemic only threat to strong growth for Australia: OECD – The Sydney Morning Herald
The OECD has upgraded its forecasts for the Australian economy and global GDP. The biggest risk remains the pandemic and a slow vaccine rollout.
Without widespread vaccination, the economy is vulnerable to a sizeable outbreak and accompanying restrictions, and delays to skilled immigration could crimp growth, it said.
National account figures for the March quarter to be released on Wednesday by the Australian Bureau of Statistics are expected to show the economy back to the size it was before the advent of the pandemic. But it will still show the economy well short of where it would have been but for the recession.
The OECD said if the Australian…
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