This article summarises developments in the Australian economy in 2020. It describes the economic growth and labour market ramifications associated with COVID‐19, and the fiscal and monetary policies implemented to help counter its effects. COVID‐19 has resulted in considerable slack in an economy that was weak pre‐pandemic. While current policies are appropriately focused on stimulating demand and supporting employment, existing challenges such as weak growth in productivity, gross domestic product and real wages are also likely to remain relevant post‐pandemic.

中文翻译：

---

2020-21年澳大利亚经济：COVID-19大流行和经济复苏的前景

本文总结了2020年澳大利亚经济的发展情况。它描述了与COVID-19相关的经济增长和劳动力市场后果，以及为帮助抵消其影响而实施的财政和货币政策。在大流行前疲软的经济体中，COVID-19导致了相当大的懈怠。尽管当前的政策适当地集中在刺激需求和支持就业上，但诸如生产率下降，国内生产总值（GDP）和实际工资之类的现存挑战也可能在大流行之后仍然具有现实意义。