Two-year hangover from Covid

Original article by Patrick Commins, Simon Benson
The Australian – Page: 1 & 2 : 12-May-20

KPMG has warned that the Australian economy will not recover its losses from the coronavirus pandemic until the September 2021 quarter. The firm’s research suggests that industries such as healthcare, public administration and civil engineering will have fully rebounded by the end of 2020, but the hospitality, accommodation, and retailing and sectors will not recover until March 2022. KPMG’s forecasts are based on expectations that the easing of lockdown restrictions will not result in any major virus outbreaks.


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