Economy

Australia’s economic recovery leading the world: Macquarie chief

Macquarie Group chief executive Shemara Wikramanayake says Australia’s economic recovery from the COVID-19 crisis is world-beating despite the slow vaccine rollout, and she hopes international borders can re-open next year.

In the latest upbeat view on the economy from a banking boss, Ms Wikramanayake said the world’s economic recovery was making good progress, and she tipped rapid growth over 2021.

“Despite the ongoing risks the Australian economic recovery continues to lead the world, with medical success allowing the government to re-open much of the economy”: Macquarie Group chief executive Shemara WikramanayakeCredit:Lisa Thompson.

“Following one of the largest economic shocks since the 1930s, the global economic recovery is now well underway, with GDP likely to expand by a rapid 5.5 per cent over the course of this year. In general the countries that have controlled the…

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