Mosolova Olga

Australia: Plans of the Government for Economic Recovery after the Epidemic

ЮГО-ВОСТОЧНАЯ АЗИЯ: АКТУАЛЬНЫЕ ПРОБЛЕМЫ РАЗВИТИЯ, 2022, №1(54), 234-244

 
Annotation: Abatement of economy in Australia from epidemic was smaller than in the most other countries. The reason of this situation was, specifically, broad plan of financial aid which the government granted to the enterprises and households. At present the economy of the country is in recovery. In a whole the economy of Australia indicated a good stability at the time of epidemic. The government prepares the plan of structural reforms for supporting of economy in the future. The government has the opinion what the economic policy must be concentrate on the creation of opportunities for just one more period of strong and steady economic growth. The important factor which must facilitate preservation of high rates of economic growth is the improvement of the conditions for business activities. Competition strengthening can assist to development of innovations and the growth of the productivity of economy.

Keywords: Australia, government policy, economic recovery