AMW: Stay-at-home holidays won’t offset the COVID-19 hit to inbound tourism
Domestic and international visitors spent $152bn in Australia in 2018-19, $39bn by international visitors. However, the pandemic has seen international and domestic visitor spending collapse amid borders closures and restrictions.
AMW: the uneven impact of job losses
Despite strong job gains in June and July, there are still over half a million people who have lost work since March and an unknown number supported by JobKeeper.
AMW: Demographics and long-term inflation
Inflation is expected to weaken materially in the near term.
AMW: International students in Australia
Education exports are likely to remain weak as international travel remains difficult and the global economy slowly recovers from a deep recession.