Ramping up the case for an economic restart, he cited Treasury estimates that the school closures will cost 304,000 jobs, the controls on industry and public gatherings will cost 708,000 jobs and the slump in domestic and international demand will cost 516,000 jobs.
While school closures were not on the agenda on Tuesday, Mr Morrison highlighted the economic cost of keeping parents at home to look after children rather than returning to work. The Treasury analysis found the biggest economic declines were in NSW and Victoria, which are losing 3.7 percentage points and 2.7 percentage points in economic activity respectively.
The economic impact of the pandemic, and measures aimed at stopping its spread, continue to weigh on the nation, with only 38,926 new car sales were sold in April. But he cautioned if restrictions were delayed, or reimposed to deal with a fresh outbreak, then the economy could suffer an even larger hit.
Brothels and massage parlours
we dont need d foreign temp workers all cooks n hotel staffs even chook processing r using foreign workers They have been keeping our wages stagnant so they should go With 12% jobless there is nothing for them
COVID19 be like ...
I would imagine it would be hard to employ all 1 million. But hey he sees miracles at his church every day and twice on Sundays!
2nd wave here we come
Ah, looking to shift blame to the States already. How predictable. He's studied Trump's playbook.
well...he panicked, and now realises that he overreacted and did enormous damage unnecessarily. But those guys over there...they need to get on board...
Labor and greens voters would hate this. Staying home and getting paid by the government is exactly what they have been striving for for years.
If anyone can do it...
Just get on with it you clown.
Has done an amazing job, seriously, let’s get this show back on the road
Yeah. We don't want people lying down on the job.
Tax relief would be nice
politicians leading from the rear...open parliament
Parliament reopen first. Simple and easy! economy Covid_19australia Even the communist China has the ball to open their Congress meeting. Scomo and his MPs stay home and ask others to go outside for working.
Bout time , what have they waiting for
You ungrateful slobs should be licking this mans boots, for how he's about to 'save' you all from the brink of disaster. Government prevails, once again👍 Thanks Big Brother🙏 Obey. ControlledEconomicDemolition DebaseTheDollar ThisIsOnlyTheBeginning 1984HasArrived
WATERING AUSTRALIA-Engineers want to do this-How about WATERING AUSTRALIA sourced from The Northern Territory and getting those Farmlands productive CAPITAL to INCOME PRODUCING..not Capital wasted with no returns likely..
ScottyFromMarketing it’s time to keep Australians safe. Money over life. You choose money. Shame MORRISON Shame
Bully boy ScottyFromMarketing at it again. Pushing the economic barrow over the lives of Australians. Yet Morrison won’t send his own kids to school.
Scott Morrison I applaud your good intentions..Its a Start-AUSTRALIA NEEDS - GIGANTIC INFRASTRUCTURE DEVELOPMENT TO START NOW!!
Has he recalled Parliament yet ?
I just think Sco Mo is a nob. He's a deer in the headlights. I don't disagree but how he goes about things is like a maniac!
It all comes down to money, doesn't it Scomo?
Good luck with that
It is interesting to see Morrison’s focus change from health to the economy... showing his true colours
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Source: SBSNews - 🏆 3. / 89 Read more »
Govt pumps $300m into hydrogen projects | Sky News AustraliaThe Morrison Government has established a $300 million fund to help finance Australian hydrogen energy projects.\n\nThe Advancing Hydrogen Fund is set to focus on growing a clean, innovative and competitive hydrogen industry in Australia.\n\nThe fund will back projects that align with the priorities under the National Hydrogen Strategy such as developing export and domestic supply chains, establishing hydrogen hubs and projects that build domestic demand for the energy source. Nuclear is the future Great initiative! Great idea ... But in the meantime, how about a new/rejuvenated clean coal generator... We need to, at least, halve power costs IF we are to resume international competition & local life style. Scott_morrisonMP
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Source: newscomauHQ - 🏆 9. / 77 Read more »
Source: newscomauHQ - 🏆 9. / 77 Read more »
Source: newscomauHQ - 🏆 9. / 77 Read more »