8 Jun 2021
Australian Economy: We are flying
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It is amazing how fast Australia is recovering from the impact of the COVID-19 Pandemic.
For example, Australia continues to retain its AAA credit rating with S&P Global Rating having taken us of the downgrade list and moving our AAA rating to ‘stable’.
The Australian unemployment rate has fallen to 5.5% in April with ANZ reporting that May recorded the highest number of job advertisement in over 12 years.
Australia’s real GDP (Gross Domestic Product) is in positive territory and growing ahead of most countries.
Click for chart.
This is all good news. What could go wrong?
Well, we will have to wait and see.
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