Open AccessThe Coronavirus Pandemic and Its Consequences on the Australian Economy in 2020
Author(s) -
Agnieszka Kandzia-Poździał
Publication year - 2022
Publication title -
international studies
Language(s) - English
Resource type - Journals
eISSN - 2300-8695
pISSN - 1641-4233
DOI - 10.18778/1641-4233.26.06
Subject(s) - pandemic , recession , covid-19 , coronavirus , world economy , development economics , politics , political science , political economy , economy , economics , economic growth , virology , disease , infectious disease (medical specialty) , medicine , keynesian economics , law , outbreak , pathology
The fight against the Coronavirus continues around the world. The pandemic affects individuals and families and social groups, states, and economies. Like any other economy in the world, Australia’s economy has to deal with the effects of a pandemic. Australia has chosen its own way of fighting the disease and its consequences. It was not possible to avoid an economic recession, but at the same time, political decisions, aid provided, and social behaviour can be assessed as very effective.