Australia: Primed for investment and trade

In June 2021, Australia experienced an outbreak of the Delta variant of COVID-19. A number of states went into lockdown. As a result, Australia’s economic outlook for the second half of 2021 is uncertain. Economic activity and employment are expected to fall in the third quarter.

The high transmissibility of the new variant means a gradual reopening of the economy in affected areas may be needed. Lengthy lockdowns, however, are unlikely.

The Australian economy is expected bounce back in 2022 for a number of reasons. These include: the government’s substantial fiscal support; the economy’s underlying momentum; the financial support to households and businesses in areas affected by lockdowns; and the vaccination rollout’s progress.

Resources, energy and agriculture exports are projected to remain strong throughout the pandemic.

Beyond the near term, our resilient, services-based economy is adapting to changes in global trade as we look to new markets and sectors to boost our growth. Strong trading relationships with the world’s major markets will help us expand our global presence.

Perhaps our greatest asset is our creative, resourceful and enterprising people. As one of the most multicultural and multilingual countries in the world, we use our global ties to connect with the best the world has to offer.

Australia welcomes productive foreign investment, whether you’re a multinational giant, ambitious startup or research organisation with innovative ideas. In return, we offer a safe, stable location to invest and do business, with smart people, solid governance, strong global connections and a lifestyle that’s the envy of the world.

Explore the sections below to learn more about Australia’s credentials in five key areas.

Australia welcomes productive foreign investment

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