Australia’s dismal vaccination rate is undermining what was a great scorecard for the economy that emerged over the first half of 2021.
Since the start of 2021, the economic news was stunningly good. Not only relative to the forecasts and expectations of all economists, but in absolute terms with the unemployment rate falling, wages growth picking up, the stock market and house prices hitting record highs and business conditions and consumer sentiment tracking at or near record highs.
It has been obvious for many months that the Morrison government’s dithering, missteps and errors in obtaining enough COVID-19 vaccinations, was a huge risk to the health of Australians and was a major risk to the economic outlook.
This article originally sourced from finance.yahoo.com