Recession 2020. An extraordinary economic crisis for which there seems to be no blueprint for a solution.

Australia’s economy is in recession. Many people have financial problems and may face destitution. Can the Australian Government protect its peoples’ health and their economic well-being? There seems to be no blueprint for guidance.

Australia is officially in recession. Production is down, spending down, savings down. Source: Photo courtesy SCW 06 Sep 2020.

Even before the Stage 4 lockdown was announced, many shops were already closed – Warringal Shopping Centre, Melbourne, 6 Sep 2020. Source: Photo courtesy SCW – Melbourne 06 Sep 2020.

Dr Peter McCawley AM, former Dean of the Asian Development Bank Institute, former head of the Indonesia Project at ANU and currently, Associate Professor at the ANU Indonesia Project, describes the options the Federal Government needs to consider in solving a unique economic crisis.

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