A new barometer has found Australia and New Zealand leading the pack when it comes to the global fight against the negative economic and health impacts from the COVID-19 pandemic. The research modelled by consultants EY found Australia is well placed to emerge from the pandemic in a strong position thanks to a robust economic and health response. The EY Global COVID-19 Economic Index looks beyond the traditional measures of GDP and employment and incorporates balance sheet strength across households, government, central banks, non-financial corporates and financial institutions. EY Oceania chief economist Jo Masters says Australia’s strong global position should give businesses the confidence they need to invest and hire, for consumers to open their wallets, and for governments to progress productive reform. “Federal and state governments have ploughed an unprecedented amount of fiscal stimulus into the economy, supported by the Reserve Bank of Australia,” Master said. “The growth baton …