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Australia’s living standards have risen and economy is ‘roaring back’, Deloitte says

The jobs recovery has been ‘really remarkable’ and unemployment will continue to fall despite jobkeeper ending, report finds

Australia’s living standards actually increased in 2020 at a faster rate than the average over the past decade, due to surging commodity prices and rock bottom interest rates.

That is the conclusion of the latest Deloitte Access Economics business outlook, released on Monday, which predicts that despite jobkeeper expiring at the end of March, unemployment will decrease through 2021, albeit gradually.

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Read the original article at The Guardian

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