"The JobMaker scheme might work, but ..."

The Australian Federal Government's JobMaker scheme provides a $200 bonus to businesses hiring staff under the age of 29 ($100 between the ages of 30 and 35), but according to Massimiliano Tani, professor of finance at UNSW-Canberra, there is a risk that some employers may use the scheme to their advantage.

Source: Getty Images/Monica Bertolazzi

Highlights

• JobMaker reportedly has no internal mechanisms to prevent abuse
• In Italy, the Economy Minister Roberto Gualtieri presents the Conte government's 40 billion euro economic plan
• Despite the pandemic, the Chinese economy has grown by 4.9%

As every Wednesday, the economic issues of the week analysed and explained to the listeners of SBS Italian by Professor Tani.

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