We simulate the economic impacts of the COVID pandemic on the Australian economy using VURM, a detailed computable general equilibrium model for Australia. We identify five sources of economic perturbations: changes to productivity due to changing work practices, changes in household demand imposed by...
In its forecasts for the global economy, the IMF predicted that Australia's gross domestic product (GDP) would contract by 6.7 percent, or 130 billion Australian dollars (83.7 billion U.S. dollars), this year. It would be the biggest hit to the Australian economy since 1930, when the econ...
CANBERRA, June 1 (Xinhua) -- Australia's economy grew by 0.8 percent in the first quarter of 2022, beating economists' expectations. According to figures published by the Australian Bureau of Statistics (ABS) on Wednesday, gross domestic product (GDP) increased 0.8 percent in the March quarter...
The paper, authored by a team of Chinese researchers from Australian and Malaysian universities and a Turkish tourism professor, predicts that the global pandemic could have a long-lasting impact on the consumption pattern of Chinese travelers leading to growing popularity of free and independen...
Former Australian PM's advisor: World today sufficiently mature Economy 19:43, 30-Jan-2025 MORE FROM CGTN Two Chinese citizens killed in U.S. aircraft collision, says embassy Video 09:51, 31-Jan-2025 Chairwoman of BiH presidency wishes Chinese people a happy New Year Vi...
The International Monetary Fund has revised up its forecast for global GDP in 2020, but still says the global economy will contract by 4.4% this year. The IMF also predicts a “long, uneven and uncertain” recovery from a worldwide recession sparked by the coronavirus pandemi...
In the fall of 2023, this was again repeated. While the UK (Department of Health and Social Care2023), Sweden (The Public Health Agency of Sweden2023), Denmark (Danske Regioner2023), Spain (Soto2023), Germany (Federal Ministry of Health2023), Australia (Australian ...
Annual Covid-19 Impacts of the pandemic on the Australian economy considering the grape and wine industry Wittwer (2020) Static Multiregional Annual Covid-19 Economic effects of the pandemic on the international tourism market Pham et al. (2021) Dynamic Interregional Model Annual Covid-19 Impacts...
which integrates FMEA and best–worst method to provide a double effectiveness. The results demonstrate the efficiency of the proposed method, and according to the main findings, “insufficient information about demand quantities”, “shortages on supply markets”, “bullwhip effect”, “loss of key...
Finally, recent research has studied the effect of the first six to nine months of COVID-19 on farming systems, and it is useful to understand how this pandemic has impacted the livestock sector and how different farmers, in different areas of the globe, have coped with it (Weersink et ...