The ongoing border closures are harming Australia's international education sector with modelling estimates showing it is set to shrink from $40.3 billion in 2019 to $20.5 billion by the end of 2022.
Highlights
- According to Victoria University's Mitchell Institute, the international education sector is set to shrink from $40.3 billion to $20.5 billion.
- Prior to the pandemic, online learning was worth around $9 million dollars, but by the end of 2020, it had rocketed to $3.3 billion.
- The Mitchell Institute's report shows by November 2020 just 17,000 NEW overseas students have enrolled, massively short of the usual 120,000 every six months.
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