Date : 2011-02-22 09:56:05
Importance of the system
The Australian economy recovered from the most recent global economic downturn more quickly than
expected, benefiting from elevated commodity prices and high levels of public investment. As the focus
of the economy shifts towards recovery and growth, there is concern that our economic growth will be
constrained due to skill shortages.6
6
2010
The Reserve Bank of Australia, http://www.rba.gov.au/publications/smp/2010/aug/html/dom‐eco‐cond.html. The Organisation for Economic Co‐operation and Development, OECD, Economic Outlook No. 88, November
Skills needs of the economy