Employment levels would not recover until about 2027 for Melbourne and 2025 for Adelaide, the study says.
The Australian economy would be A$21.5 billion ($20.3 billion) smaller if automotive manufacturing ends in 2018, with Melbourne and Adelaide heavily affected by job losses and a long-term fall in gross regional product. That’s the conclusion drawn in an economic analysis for the Federal Chamber of Automotive Industries by Monash University’s Center of Policy Studies and researcher Allen Consulting. The modeling worked on a scenario where Australian automotive manufacturing ...
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