INDIA

Banks doubt post economic bounce back because of possible ‘labour shortage problems’

Founder of Switzer Report Peter Switzer says the banks are doubting the post COVID economic boom because of predicted "labour shortage problems”. 

“I think the banks are going to be partially right, I think the majority of businesses and sectors will really bounce back,” Mr Switzer told Sky News Australia. 

“But you did notice last week, the New South Wales government said they were going to extend business support all the way into February and that’s because they realise there’s going to be a transitional problem. 

“But I think as you go across 2022, the momentums going to build really big time. 

“The bankers might be right short term but there’s still going to be a lot of spending once we get out of lockdown.”

Founder of Switzer Report Peter Switzer says the banks are doubting the post COVID economic boom because of predicted “labour shortage problems”.

“I think the banks are going to be partially right, I think the majority of businesses and sectors will really bounce back,” Mr Switzer told Sky News Australia.

“But you did notice last week, the New South Wales government said they were going to extend business support all the way into February and that’s because they realise there’s going to be a transitional problem.

“But I think as you go across 2022, the momentums going to build really big time.

“The bankers might be right short term but there’s still going to be a lot of spending once we get out of lockdown.” Founder of Switzer Report Peter Switzer says the banks are doubting the post COVID economic boom because of predicted “labour shortage problems”.

“I think the banks are going to be partially right, I think the majority of businesses and sectors will really bounce back,” Mr Switzer told Sky News Australia.

“But you did notice last week, the New South Wales government said they were going to extend business support all the way into February and that’s because they realise there’s going to be a transitional problem.

“But I think as you go across 2022, the momentums going to build really big time.

“The bankers might be right short term but there’s still going to be a lot of spending once we get out of lockdown.”

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