As unemployment stays high and businesses struggle, governments will spend to boost and revive the economy, necessitating choices between investment areas and ongoing assistance to the vulnerable as we navigate the challenges created by the COVID-19 pandemic.
This, combined with high unemployment and continuing business uncertainty, will place pressure on governments to invest to create jobs, take a role in reskilling and use policy and operational levers to support businesses to retain jobs and boost productivity.
Regional areas will play a significant role in economic recovery and investment in these areas will create job opportunities and enhance the vibrancy of rural and regional Australia. A focus on skills and training will promote employment and ensure sustainability in sectors.
A further boost could be gained through identifying potential growth sectors and investing in these areas which would make the regions more attractive to a skilled workforce as well as promoting local employment and learning opportunities.