Federal and state governments should inject a further $70 billion to $90 billion in spending stimulus over the next two years to avoid long-term unemployment "scarring" and to boost the economic recovery in the wake of COVID-19, a new report by the Grattan Institute says.
The think tank's report, The Recovery Book: What Australian governments should do now, said governments must refine and "eventually" unwind the emergency crisis measures including the JobKeeper wage subsidy, small business loan relief, a moratorium on tenant evictions and insolvency protections for directors.
Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
