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Fitch says economic activity in Australia will rebound in Q4 with reopening

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Fitch is catching up a bit, says the transition to Australia’s new “living with Covid” approach supports debt issuers.

Yes, Australia is in this transition now that vaccination rates are reaching decent levels. Australia’s most populous state of New South Wales is expected to hit 80% double vax today or tomorrow.

Other states are lagging a bit behind (NSW got a head start on vaccine supply due to their epidemic from mid-year).

Fitch also adds, to be fair I guess, activity is expected to rebound as Australia’s two largest cities, Sydney and Melbourne, emerge from lockdowns.

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