As Australia's COVID-19 recovery hits full
steam, not all industries will respond at the same rate. While the property market has been impacted less than expected, and some industries are thriving in the new environment, others are likely to remain at standstill or worse for months to come. Hospitality is just starting to wake up, arts and event management will be down for a while, and international tourism remains nothing but a distant possibility. In this new post-COVID world, some industries are going to need much more support than others.
The economic response packages released by
the Australian Government have been fairly well received, despite massive
inconsistencies between income grades and a massive budget error. With the
JobKeeper payment and JobSeeker supplement both set to expire at the end of
September, however, entire industries are going to be crying out for extra
support. Certain segments of the economy have already been singled out, with
the childcare industry given early support and the construction sector boosted
through the new HomeBuilder program.