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The Forum > Article Comments > Recovering from the fiscal side-effects of COVID-19 > Comments

Recovering from the fiscal side-effects of COVID-19 : Comments

By Tony Makin, published 19/6/2020

The easing of monetary and credit conditions was fully warranted and aspects of the fiscal response targeting firms and private sector employment, the JobSeeker program in particular, also had merit.

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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!
Posted by Mtem, Monday, 13 July 2020 7:30:04 AM
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