As we all know that “The COVID-19 pandemic is far more than a health crisis: it is affecting societies and econ¬omies at their core.
Pandamic has spread with alarming speed, infecting millions, as the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades.
As we all know that during pandamic all the countries restricted some boundaries due to which foreign countries like Australia who was also facing the lose on their ecomonic for which Australia is planning to make a forward move to by increasing its permanent immigration numbers by 35,000 to 195,000 in the current financial year to help businesses and industries battling widespread staff shortages and reduce reliance on short-term workers and focus toward long-term migrants. Australia closed its borders for about two years during the height of the COVID-19 pandemic but those strict rules and an exodus of holiday workers and foreign students left businesses struggling to find staff and keep their businesses afloat, ” Prime Minister Anthony Albanese told reporters on the sidelines of a government jobs summit on Friday. Australia’s unemployment rate is now at a near 50-year-low of 3.4% but labour shortages have contributed to soaring inflation that has reduced real wages.
Businesses have been urging the government to raise the cap on annual immigration from 160,000, prompting it to make temporary changes to fill the labour gap.Australia has been competing with other developed economies to lure more high-skilled immigrants, in a bid to speed up visa processing, Mr Giles said the government will spend A$36.1 million ($25 million) to beef up its staff capacity by 500 people for the next nine months.
