Australia’s economy will be driven as much by the policy response to the coronavirus as the fallout from the coronavirus itself.
The substantial negative impact on global trade, investment, household spending and employmentwill spark a deep and probably protracted recession in Australia if unchecked by policy innovation from the Morrison government. Unemployment approaching 7%, deflationary pressures and fresh record lows for wages growth will be the key aspects of such an economic slump.
Read more: https://www.theguardian.com/business/commentisfree/2020/mar/11/four-experts-on-how-coronavirus-will-wallop-australias-economy-and-what-the-government-must-do
