A Year to Forget

It’s not been the best of years for Australia. Before the world gets over the untimely demise of Australian Cricketing legend Shane Warne, another tragic news from the country the passing of another Cricketing legend, Andrew Symonds has shaken the world. It’s a year the country, perhaps the whole world, wants to forget, and rightly so.

Australia has achieved its vaccination targets and eased the lockdowns across states. The country’s GDP also

rebounded in Q4 2021 by 3.4 percent. But the Omicron wave put a drag on the acceleration in early 2022. The decline in restrictions has enabled a recovery ever since, but the recent floods in Queensland and NSW have created disruptions. However, there is still scope for hope, as experts predict this drag to be temporary. Despite the Ukraine Russia conflict and the flaring inflation, according to KPMG, the underlying momentum remains positive. According to the company, Australia expects a growth of 3.8 percent in 2022, before moderation to 2.2 percent.

Nothing much has changed from yester year. The organizations need to sit tight and be extremely vigilant with investments. The CEOs need to comprehend that the new norms are here to stay at least partially. They need to recognize permanent solutions to their operational problems triggered by the pandemic. IT partners could significantly aid them by finding innovative ways to help businesses, such as limiting operational expenses, improving customer experience, and catering to the need of the hour digital footprint in every way possible.
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