Australia is in for a long and damaging economic slump, unless governments inject substantially more fiscal stimulus.
stimulus
COVID-19: Australia’s fiscal response is now among the biggest in the world
Governments around the globe are promising record amounts of spending to tackle the crisis. And those commitments will get bigger before this is over.
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A better way of knowing if we’re in a recession
Policy makers need timely information to decide whether economic stimulus might be required. A new indicator based on the unemployment rate can help.