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Virus stimulus won’t block recession, economists say

The government’s $17.6 billion virus stimulus package will not save the country from falling into a recession, economic experts have said, with some anticipating the government will need to develop a second package alongside quantitative easing.

Virus stimulus won’t block recession, economists say
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  • Shared by the ifa
  • March 16, 2020
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The package launched on Thursday morning, alongside the $2 billion drought and bushfire relief from earlier this year is worth around 1 per cent of Australia’s GDP and will mostly be occurring between March and June, in the government’s attempt to dodge negative growth for the June quarter. 

Read more at the ifa

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