After rebounding rapidly from last year’s COVID-19 recession, Australia’s economy has weakened due to containment measures to combat new outbreaks of the virus. Once the economy reopens and the recovery resumes, the focus should turn to reforms to revive productivity growth, lift living standards and strengthen resilience, according to a new OECD report. The latest OECD Economic Survey of Australia notes that while the pandemic interrupted a 28-year run of uninterrupted growth, Australia’s initial downturn was mild compared to most OECD countries and the rebound was swift, thanks to generous policy support and the ... (full story)