The Australian economy outperforms the world, but real test to come

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The government's policy steps in coming weeks are vital to how the economy will play out this year and beyond. | ANALYSIS by senior economics correspondent Shane Wright.

, has given an economic lifeline to businesses and their staff.

, there are hundreds of thousands of positions being propped up with government support. No one can say with any clarity what will happen to those once the support is withdrawn. All of which means the government's policy steps in coming weeks are vital to how the economy will play out this year and beyond.

In Australia, not only are the federal government's main support measures due to end in late September but also a raft of state initiatives such as payroll and land tax deferrals.

Source: Financial Digest (financialdigest.net)

 

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The government doesn’t know what they are doing. It’s proven that under 50’s do not get infected as bad, yet they are still in iso. Just let the people get back to work.

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