Do you mean recovering from the economic action/vandalism of Scott Morrison?.

I think there is little doubt that the Australian governments had little option but to do what they did to help Australians manage to live through the COVID pandemic. Therefore, I agree with the author's initial premise; however, the second stage of the recovery will be a balancing act in seeing us through the prolonged unemployment of many Australians, which will have to be accompanied by funding of infrastructure and building skills to grow Australian independence, while reducing steadily the debt built up from tax receipts flowing from a much higher level of exports than we presently have. Thus, government and private investment must be directed towards more productive industries, and those which have a better chance of survival in the 22nd century.

They could have saved a lot of money by not giving all those already on welfare the two lots of $750. My expenses have actually been less because I have not had to put fuel in my vehicle. One might be forgiven for thinking that there is an election in the offing.
David

I would appreciate an explanation as to why US Federal Reserve money injection leads to a falling US dollar, but Australian Government spending (financed by the Reserve Bank) leads to a rising Australian Dollar. Sounds contradictory

Recovery ? Will that be before the second wave of COVID-19 or after ?
With the World's debt being three times the World's GDP, Recovery might be just a little too hopeful a word to use.
Draining swamps & bringing Public Service salaries down somewhat would do more than any incentive package !

Individual

'Draining swamps & bringing Public Service salaries down somewhat would do more than any incentive package !'

Campbell Newman is the only pollie I know who had the intestinal fortitude to do that. A massive backlash from unions, universities, abc and every other sucker of the public purse saw him kicked out. No wonder so many choose useless arts degrees that give them the sick ideology and often incompetence to work in the public service.

Renard, it stands to reason that if the US dollar goes down then our dollar will go up against it. We are small fry in the global scheme of things so that anything we do pales into insignificance.
David

runner,
Newman got rid of the wrong people, he dumped vital workers & kept the hangers-on bureaudroids ! That's what cost him AND us so dearly !

Adding to the stupidity and increased unemployment, the minimum wage, already the highest in the world, will be increased by 3.5% on July 1. The unelected Fair Work Commission, not elected politicians, has must made things worse for the unemployed and employers.

Fair Work Commission
I wonder if we can expect 'our ABC' to haul this commission over the coals ?

Wouldn't think so, individual. The ABC is well to the fore when if comes to getting more money, and other people providing it.

Maybe this 'Fair Work Commission' needs to be asked to manage a chook raffle for a couple of Saturdays in the Pub to expose them to the skill of managing ?

Running a business in the global travel industry (train travel) one has to be somewhat of an optimist to see markets returning.

However there are a couple of points that keep us positive:
1. This is a health crisis, and assuming domestically we can stop the spread and suppress the virus we should see things recover in Australia;
2. There is latent demand that continues to build so whilst 2020 won't be spectacular, 2021 will hopefully bounce back!

If you're interested one of the barometers I think is interesting is how many trains are operating - we keep track of it here: https://trainreview.com/news/covid-19-live-trains-recommencing-as-restrictions-lift

https://www.trainreview.com/news/covid-19-live-trains-recommencing-as-restrictions-lift

I'm an optimist on Australia - inflation is low and can sustain some QE, our debt position is relatively (note the relatively) strong and we have a resilient economy. Come on Melbourne, let's do the right thing now and end this second wave so we can all get on with it!