‘Getting better at juggling’: Economists predicts Omicron pain will be less severe than feared

Economists predict Australia to make a strong economic recovery this year, despite another wave of COVID-19 sweeping the nation.

Deloitte Access Economics’ Business Outlook forecasts the national economy to grow 3.6 per cent in 2022.

In Victoria, the economy is tipped to grow by 2.8 per cent.

Partner at Deloitte Access Economics, Chris Richardson, predicts Omicron will cause less damage than Delta to the national economy.

“With each wave that goes through, families and businesses are getting better at juggling it,” he told Ross and Russel.

“Like it or not, it’s here and we’re managing around it more and more successfully over time.”

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