Scott Morrison says situation in Victoria ‘devastating’ for state economy and national outlook as Treasury reveals forecast
The lockdown in Victoria will likely push unemployment in Australia to 10% by the end of the year, and will cost the national economy between $10bn and $12bn, according to new Treasury forecasts.
Scott Morrison revealed the new estimates at a press conference on Thursday and flagged the government was continuing to look at the jobkeeper wages subsidy in the light of the deteriorating outlook.
Continue reading…Scott Morrison says situation in Victoria ‘devastating’ for state economy and national outlook as Treasury reveals forecastThe lockdown in Victoria will likely push unemployment in Australia to 10% by the end of the year, and will cost the national economy between $10bn and $12bn, according to new Treasury forecasts.Scott Morrison revealed the new estimates at a press conference on Thursday and flagged the government was continuing to look at the jobkeeper wages subsidy in the light of the deteriorating outlook. Continue reading…