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The expected 'COVID' recession hits harder than expected

Recession

Australian Treasurer Josh Frydenberg speaks to the media at Parliament House in Canberra Source: AAP

Australia is now officially in a recession -- the first in almost three decades -- and a further 400,000 workers are expected to lose their jobs between now and Christmas. While the government has called this "the COVID recession" the Opposition says it will be longer and deeper than necessary because economic stimulus was rolled out too late and is being wound back too soon. In English : Pablo Vinales ; In Tamil : Selvi


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By Selvi

Source: SBS




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Australia is now officially in a recession -- the first in almost three decades -- and a further 400,000 workers are expected to lose their jobs between now and Christmas. While the government has called this "the COVID recession" the Opposition says it will be longer and deeper than necessary because economic stimulus was rolled out too late and is being wound back too soon. In English : Pablo Vinales ; In Tamil : Selvi



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