economy recovery could be w shaped

Economists warn of W-shaped recovery if lockdowns persist

- July 21, 2021 2 MIN READ

Senior economists are warning Australia’s V-shaped recovery could quickly become a W if COVID-19 outbreaks are not brought under control and lockdowns persist. With around half of Australia’s population and economy now subject to hard lockdowns, Commonwealth Bank (CBA) Group economists expect the GDP to contract by 0.7 per cent in the September quarter alongside… Read more »