Australian Treasury Secretary Kennedy giving testimony to a Senate committee.
- thinks it will be a consumption-led recovery from households
- much depends on confidence, particularly on outcomes surrounding the virus
- non-residential investment is weak
- he adds he is looking forward to business investment increasing this year and next
- public investment is high, expected to continue increasing
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As a side note, there has been no start made on a vaccination program in Australia and a start date is still vague. When these do begin it'll be a marked positive for AuD.
