Section 1:2021 Economic Outlook (5 marks total)

In this section, provide an outlook for the Australian economy for 2021 focusing on the nation's recovery from COVID-19. Things that you should include in your outlook are:

• An overview of the key industries within the Australian economy and a brief summary for each industry to show whether they have been impacted by COVID19 and if so how they have been impacted. Your answer should include reference to sources that support claims you make here.
• Provide a summary that identifies actions and policy responses taken by the government that aim at supporting the recovery of the Australian economy from COVID-19. Within your answer show evidence of how measures have been received by industry and/or any indications regarding their effectiveness.

Section 2: Measuring Economic Activity (10 marks total)

In this section you will prepare charts and conduct analysis of a dataset to show evidence of changes in Australia's economic performance. In this section address the following:

• Using the employment data provided in the Assignment 1 Excel file, generateONEExcel chart showing Australia's monthly unemployment rate over 2020. In your chart show the overall unemployment as well as the unemployment rate for both males and females. Make sure your chart has clearly labelled axes and include a chart title.
• Using the employment data contained within the Excel file, briefly analyse gender differences (and similarities) associated with the employment in 2020. In your answer discuss implications associated with impact of COVID-19 and relevant government assistance associated with Job Keeper.
• Using the chain volume measures of GDP data provided in the Assignment 1 Excel file, identify the 3 specific industries which in Q1 and Q2 of 2020 experienced the largest decreases in their growth rates and state their respective declines in the growth rate.
• Using the chain volume measures of GDP data provided in the Assignment 1 Excel file, identify the 3 specific industries which in Q3 and Q4 of 2020 experienced the largest increases in their growth rates and state their respective increases in the growth rate.
• Using the chain volume measure of GDP data provided in the Assignment 1 Excel file, generateONEpie chart to show the contributions that each of the key industrial sectors (A to S) contributed to Australia's overall GDP in Q1 for 2021.

Section 3: Recommendations (5 marks)

You now need to conclude your report with 2 recommendations. In light of what you have prepared in the earlier sections, provide 2 key recommendations for the government minsters who will be using your report. These two recommendations should be focused on what you think the government should be doing to aid the distinct but complimentary objectives of economic recovery from COVID-19 and long-term economic prosperity.

These need to be your recommendations based on your understanding of the situation, what you have prepared for the report and the data provided in the Excel document. These need to link to your recommendations.