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Australia’s economy shows recovery, but growth remains below pre-pandemic levels due to weak investment and aging demographics.
Australia’s economy shows recovery signs with rising household spending, falling inflation, and real wage growth, but long-term growth is projected at 2.2% annually—below pre-pandemic levels—due to weak business investment, stagnant productivity, aging populations, and global trade tensions.
While lower interest rates and strong labor markets have boosted consumer spending, officials warn inflation may persist if demand remains strong.
The government’s recent economic roundtable delivered quick wins like red tape reduction, but experts urge ongoing reforms, including annual policy dialogues and timely tax changes, to ensure sustained progress.
La economía de Australia muestra una recuperación, pero el crecimiento sigue por debajo de los niveles previos a la pandemia debido a la debilidad de la inversión y al envejecimiento demográfico.