The ratings agency says Australia will return to robust growth in 2021

  • cites the country's sound and diverse economic fundamentals
  • pandemic response highlights Australia's flexibility and capacity to use fiscal policy to buffer against shocks
  • broad diversification of Australian industry, and flexibility, competitiveness of economy to support sustainable recovery over next few years
  • says debt burdens will climb to around 18% of GDP in the fiscal year, does not foresee a material weakening in the sovereign credit profile
Australia