Infrastructure construction projects in Australia totaling about $55 billion were threatened by labor shortages in the country, Bloomberg writes. All Australian construction companies are faced with the problem of a shortage of about 20-30% of the required qualified personnel for the construction of airports, roads and subways, which can lead to higher cost projects. Against this background, the Central Bank of Australia has already noted an increase in wage growth, which for a long time has been one of the main problems in the country. It is pointed out that the problem with labor shortages can be solved by attracting qualified personnel from abroad and personnel training in the country.
Post-Brexit UK keeps hopes up for early free trade with Australia05.02.2020
Australia central bank weighs risks to extend rate cuts04.02.2020
Australia bids for second flight from Wuhan as first batch of evacuees move to Christmas Island04.02.2020
Reserve Bank of Australia keeps rate unchanged, sustains outlook level despite plagues