Melbourne’s Thriving Economy of the Future

Before COVID-19, Melbourne was recognized as one of the world’s most competitive and resilient economies, with a Gross Local Product of $104 billion in 2019. COVID-19 has hit the City of Melbourne’s economy harder than other parts of Australia. Modelling undertaken by PwC Australia projected that the municipal economy would lose 79,000 jobs and up to $110 billion in output over the next five years.

City of Melbourne’s response has been swift and targeted but acknowledges that the policy settings made today will greatly impact the economy of 5 and 10 years’ time. Mark will talk through City of Melbourne’s immediate response to the pandemic and also discuss the development on an Economic Development Strategy that is looking forward to 2031.

As the leader of the development of the City of Melbourne’s first ever Economic Development Strategy, Mark is ideally placed to speak to us about Melbourne's rebound from COVID.