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Fitch: Australia will return to robust growth in 2021

The country’s sound and diverse economic fundamentals

The pandemic response highlights Australia’s flexibility and capacity to use fiscal policy to buffer against shocks

Broad diversification of Australian industry, and flexibility, the competitiveness of the economy to support sustainable recovery over the next few years

Debt burdens will climb to around 18% of GDP in the fiscal year, does not foresee a material weakening in the sovereign credit profile

 

developing story …

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