Up to 3 million Australians – mostly in rural and regional Australia - will miss out on getting access to critical 5G technology by 2023 because of the Australian Government’s 5G ban on China’s Huawei in Australia - and come at a cost to the national economy of US8.2 billion in lost GDP gains, according to UK based global forecasting and quantitative analysis firm Oxford Economics.
A survey carried out by Deloitte Access Economics and the Australian Mobile Telecommunications Association claims that 5G will lead to productivity improvements that will be worth $65 billion to the Australian economy by 2023 — the equivalent of 3.1% of GDP — but named no specific industries which would contribute to this massive increase.
Salesforce says new research it commissioned shows that its ecosystem of customers and partners will drive nearly 3.3 million new jobs and more than US$859 billion in new GDP impact worldwide by 2022 – with 79,000 new direct and indirect jobs created in Australia.
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