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Economists warn delays to Australia's international border reopening will cost $40 billion

From businessinsider.com.au

While last year’s Budget promised a staged return to international travel in the second half of 2021, there were no similarly strong commitments this year — and economists warn the ongoing costs to Australia’s economic recovery will add up. The federal government said it expects to see pre-pandemic levels of international travellers return in 2024-25, a forecast that depends on no major outbreaks, no state border closures and some international travel returning next year. “Inbound and outbound international travel is expected to remain low through to mid-2022, after which a gradual recovery in international tourism ... (full story)

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  • Category: Fundamental Analysis