You can’t simply ‘Take away COVID’, and COVID is going to have long-term adverse economic consequences.
I wasn’t referring to magically removing COVID, but the Australian economy was also never destined to go into recession territory before COVID came along.
The deficit is circumstantial and, while it will take a long time to pay off, consumer confidence won’t be damaged by this. Confidence will return as soon as restrictions lift.
Mining in and of itself is not a bad thing to have an economy based on, same as tourism. I think the major issue we have is that Australia has massive holes in its Industrial diversity. We need manufacturing.
Anyway we digress. I feel Rex is about to have its arse handed to it by a monopoly minded Qantas.