COVID-19 and the resilience of the Australian economy

The health emergency triggered by the rising number of coronavirus cases in Australia is resulting in an unprecedented reorganisation of work and leisure. Understandably, the community is concerned about what the future might hold for its health and the economy. Much has been written on the potential macro-economic consequences, including our own commentary on supply-chain implications. In this article, we highlight the high-level changes that have occurred in the Australian economy over the last decade which have improved its resilience and positioned it to better deal with the current health emergency.