openPR Logo
Press release

Impact of COVID-19 on Australia Economy Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis.

09-07-2021 02:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The Australian economy is one of the highly developed economies across the globe. As per the Australian Bureau of Statistics, its GDP was around $1.15 trillion in 2019 however, the Australian economy faces a mounting burden due to COVID-19. The country has recorded around 5,800 confirmed cases with around 40 fatalities in total by the end of the first week of April 2020.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-australia-economy

As preventive measures and to support the economy, the government of Australia has made several efforts ranging from supporting the healthcare infrastructure to the jobs of the peoples in the country. Several health councils and organizations have come together to develop the treatment for COVID-19 and to combat the disease. The National Health and Medical Research Council (NHMRC) is supporting the national as well as international efforts, including NHMRC funded experts, to address the COVID-19 pandemic and its consequences.

Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-australia-economy

The Australian government took several steps to maintain stability during the pandemic. To prevent and stop the spread of the virus, the government announced to reduce public gatherings to a maximum of two people. Evictions are on hold for 6 months by the states and territories. Landlords and renters are encouraged to talk about short term agreements. Further, the government has introduced a Jobs Hub website that enables peoples to find work during the pandemic. The Jobs Hub also advertises the vacancies designed by various businesses across Australia. The government has also announced to launch Early Childhood Education and Care Relief Packages that give families fee relief while supporting child care services.

Based on industry classification, the impact of COVID-19 pandemic on Australia's economy is studied into energy, healthcare, retail & e-commerce, agribusiness & food, aviation, manufacturing, travel & tourism, and others. After the huge number of cases in the country, a brake on the economic activities has been witnessed. Most affected sectors in the country due to coronavirus include aviation, travel & tourism, construction, and other temporary work sectors as numerous companies suspended their operations since March 2020.

Key companies operating in Australia whose business operations are affected due to COVID-19 include Wesfarmers Ltd., Woolworths Group, Coca-Cola Amatil Ltd., GrainCorp Ltd., Diamond Energy, Qantas Airways Ltd., Virgin Australia Airlines Pty. Ltd., BHP Group, Rio Tinto, BP PLC among many others. Several companies have closed their manufacturing units and stores to stop the spread of the virus. For instance, Radio Rentals closed its all 62 stores nationally until further notice to stop the spread of COVID-19. Thorn Group, Radio Rentals' parent company, closed its stores to increase focuses on protecting the health, safety, and welfare of customers, and team members.

Verticals Affected Most
• Energy
• Healthcare
• Retail & E-commerce
• Agribusiness and Food
• Aviation
• Manufacturing
• Travel and Tourism
• Others (Construction, Electronics)

Company Profiles
• BHP Group Ltd.
• BP p.l.c.
• Coca-Cola Amatil Ltd.
• Diamond Energy Pty Ltd
• GrainCorp Ltd.
• Qantas Airways Ltd.
• Rio Tinto
• Virgin Australia Airlines Pty. Ltd.
• Wesfarmers Ltd.
• Woolworths Group Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-australia-economy

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact of COVID-19 on Australia Economy Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis. here

News-ID: 2384553 • Views:

More Releases from Orion Market Research

Terahertz Technology Market Set to Witness Significant Growth by 2032 | TOPTICA Photonics AG, Advantest Corporation, Batop GmbH
Terahertz Technology Market Set to Witness Significant Growth by 2032 | TOPTICA …
The Terahertz Technology Market was valued at approximately USD 1.09 billion in 2024 and is projected to reach USD 4.08 billion by 2032, reflecting a compound annual growth rate (CAGR) of 18.1% from 2025 to 2032. Terahertz Technology Market Overview Terahertz (THz) technology operates in the electromagnetic spectrum between microwave and infrared waves, encompassing frequencies from 0.1 to 10 THz. This technology is gaining prominence due to its non-ionizing radiation, enabling
Specialty Tapes Market Set to Witness Significant Growth by 2032 | Avery Dennison Corporation, Scapa Group Plc, Intertape Polymer Group
Specialty Tapes Market Set to Witness Significant Growth by 2032 | Avery Denniso …
The global Specialty Tapes Market was valued at approximately USD 55.39 billion in 2023 and is projected to reach USD 96.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2032. Specialty Tapes Market Overview The Specialty Tapes Market encompasses a diverse range of adhesive products tailored for specific applications across various industries. These tapes are characterized by their unique properties, such as high temperature
Safety Helmets Market Set to Witness Significant Growth by 2033 | MSA Safety, Uvex Safety Group, Delta Plus Group, Bullard, Schuberth GmbH
Safety Helmets Market Set to Witness Significant Growth by 2033 | MSA Safety, Uv …
The global Safety Helmets Market was valued at approximately USD 5.01 billion in 2024, and it is expected to reach around USD 9.76 billion by 2033, growing at a *compound annual growth rate (CAGR) of about 7.7% from 2025 to 2033. Safety Helmets Market Overview The Safety Helmets Market is gaining momentum as industries like construction, manufacturing, mining, and infrastructure increasingly emphasize worker safety and regulatory compliance. Safety helmets-designed to protect against
Sales Performance Management Market Gaining Momentum by 2033 | Xactly Corporation, Anaplan Inc., IBM Corporation, Varicent Software Inc.
Sales Performance Management Market Gaining Momentum by 2033 | Xactly Corporatio …
The global Sales Performance Management market was valued at approximately USD 5.62 billion in 2024 and is projected to grow to about USD 18.22 billion by 2033, with a compound annual growth rate (CAGR) of approximately 13.27% between 2025 and 2033. Sales Performance Management Market Overview Sales Performance Management integrates tools and processes designed to boost sales productivity, optimize incentive structures, and align field sales efforts with business goals. Today's market is

All 5 Releases


More Releases for Australia

Derila Memory foam pillow Australia: Honest Reviews About Derila Australia
Derila is one of the best memory foam pillows sold in Australia today. Priced at around 30 dollars (USD), derila is currently the most reviewed and the cheapest memory pillow available in Australia. What is Derila? Is Derila Pillow the best in Australia? Keep reading to discover everything worth knowing about Derila Australia. OVERVIEW Recently, Memory foam pillow has been trending and there is a lot of brands to choose from. Which one is
CeraCare Australia - Where to Buy Legit CeraCare Supplement in Australia?
CeraCare Australia - Ceracare is a glucose support supplement that proposes to augment cardiovascular prosperity and to stay aware of perfect glucose assimilation in Australia. CeraCare supplement is conceptualized and executed by a threesome – Christine, Dr. Jihn and Michael. It is a natural supplement that helps one stay aware of ideal glucose levels, cardiovascular prosperity, and glucose assimilation. Take Advantage of 80% Discount Offer in Australia >> https://boostsxproaustralia.com/ceracare-new The indications
Glucofort Australia - Where to Buy Legit Glucofort Supplement in Australia?
Glucofort Australia - Glucofort is an efficient, all-natural progressive glucose support supplement in Australia. This formula is made out of 12 key ingredients, 7 nutrients, and minerals, and a little of Vanadium. This supplement upholds regulated glucose levels and glucose digestion. Glucofort prides itself as the most inventive supplements available in Oceania, accentuating its solidarity, wellbeing, and quality. Take Advantage of 75% Discount Offer in Australia >> https://boostsxproaustralia.com/glucofort-new Rather than simply
Australia Agriculture Market, Australia Agriculture Industry, Australia Agricult …
Australia Agriculture has been as vital within the development of Australia, because it was within the United States. Australia's ancient dominance in wheat and sheep continues into the 21st century. Recently Australian agriculture has become more and more diversified. The considerable expanses of productive land have helped Australia to become a number one world exporter of grains, meats, and wool. Each grains (predominantly wheat and barley) and wool markets round
Australia Conveyor Maintenance Analysis by Top Companies Habasit Australia Pty l …
Global Australia Conveyor Maintenance Market and Competitive Analysis Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push
Australia Conveyor Maintenance Market Analysis By Manufacturers Rema Tip Top Aus …
A conveyor system is a common piece of mechanical handling device that moves materials/objects from one location. A conveyor is often lifeline to a company’s ability to effectively move its products in a timely manner. While it is used constantly in a manufacturing plant, proper maintenance from trained technicians can extend the lifespan of conveyor. Furthermore, conveyor maintenance is essential as it may be subjected to different types of failures