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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Maurice Winn who wrote (7873)10/16/2021 4:30:13 AM
From: elmatador  Read Replies (1) of 13780
 
Fitch has slashed its projections for labour supply growth over 2019 to 2026 due to the pandemic-related shock to immigration flow.

Australia’s rapid headline GDP growth relative to other large developed markets prior to the pandemic were in large part fuelled by strong inward migration.

This hid a steady deterioration of underlying productivity growth, an area in which Australia has done poorly compared with many other developed markets.

fitchratings.com

Covid display the hidden truths:

One of them. Economic growth tied to immigration.
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