$130b could save 66pc of GDP collapse: economists
Matthew CranstonUnited States correspondent
Australia's largest single fiscal stimulus package in history could save between 66 and 80 per cent of the forecast collapse in gross domestic product, economists say in very early estimates.
"When the house is on fire you save the furniture," Commonwealth Bank chief economist Michael Blythe said. "And I would say this goes a fair way in filling the hole that some have expected would be left in GDP from the virus."
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
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