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Ridout warns COVID-19 impact will linger in economy

Australia will likely find COVID-19 has a lingering effect on the economy and the sheer scale of stimulus means it will probably be a couple of years before it’s clear how much has changed, former Reserve Bank board member Heather Ridout said.

“People are operating differently, companies are having to operate differently and it’s going to take a long time before supply chains get back to what they were before,” Ridout said in an interview with Bloomberg News on Wednesday (Thursday AEST).

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    Original URL: https://www.afr.com/policy/economy/ridout-warns-covid-19-impact-will-linger-in-economy-20210415-p57jd4