WA Economic Profile and COVID-19 Supplement - January 2021

Part 2: Economic outlook. Overview. ... Following an expected fall of 4 per cent in 2020, global GDP is forecast to increase by 4¾ per cent in 2021. Nevertheless, economic activity in most major economies is expected to remain below preCOVID19 levels until at least 2022. Australia’s major trading partners are forecast to grow by 5¾ per cent ... ................
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