Sign InThe 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 19/6/2020The 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.
- Pages:
- ‹
- 1
- 2
- Page 3
- ›
- All
Posted by Mtem, Monday, 13 July 2020 7:30:04 AM
|
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!