The Australian economy is expected to grow by 4.5% in 2021 and 2.8% in 2022. Unemployment is also expected to decline and with inflation to remain subdued, Australia’s recovery appears positive.
The Migration Program ceiling in the years 2021-2022 will be maintained at 160,000 places – which includes 79,600 Skill and 77,300 Family stream places.
The International Monetary Fund has also upgraded the Australian economic outlook and confirms the nation has outperformed all major advanced economies over the past year.
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