Australia to upgrade 2022 economic forecast

“The market is coming back strongly,” Frydenberg (file pic) said on the national broadcaster’s “Insiders” programme. “That comes as a result of the fact that we now have one of the highest vaccination rates in the world, one of the lowest mortality rates in the world.”

SYDNEY: Australia will upgrade its economic forecasts for next year at the mid-year budget update, Treasurer Josh Frydenberg said.

“The market is coming back strongly,” Frydenberg said on the national broadcaster’s “Insiders” programme. “That comes as a result of the fact that we now have one of the highest vaccination rates in the world, one of the lowest mortality rates in the world.”