REBUILDING AUSTRALIA: A Plan for a Civil Infrastructure Led Recovery
BIS Oxford Economics was commissioned by Civil Contractors Federation National to provide a study detailing how civil construction investment can be a tool for broader economic recovery in the face of the COVID-19 downturn.
The report is an independent assessment of the economic impact of civil construction activity to the financial year FY23, the impact on employment and activity under different scenarios, challenges and risks to an ‘infrastructure-led’ recovery and potential solutions.
The Australian heavy and civil engineering industry is a significant contributor to the Australian economy and has significant multipliers on investment. For every $1 million invested in the Australian heavy and civil engineering industry:
- 7.2 workers are employed in the construction and related industries
- $1.3m is contributed to Australian GDP
- $2.95m of output is contributed to the economy
Commodity markets shrug off Red Sea attacks
Commodity markets have barely reacted to Red Sea attacks, and we think the impact on prices will be minimal. As a result, we have not changed our price forecasts beyond a very short-term upward revision to crude oil and gold prices.Find Out More
Names will never hurt me –EM monetary credibility remains intact
Emerging market (EM) central banks' credibility to restrain inflation over the medium-term horizon remains intact despite the tests it's been subjected to in an age of supply shocks and massive income disappointments – and despite name-calling by some banks' political masters.Find Out More