6 Aug 2020

What does Treasurer Josh Frydenberg’s July 2020 mini-budget announcement on the cost of COVID-19 measures mean for our nation’s future?

Urbis Chief Economist Richard Gibbs said; “We’re moving into an era with a domestically demand-driven economy, in the absence of opening international borders. We will require the private sector, in alliance with government, to drive investment and activity….The biggest risk to the economy is long-term unemployment.”

For further insights on the implications of the mini-budget, including the Government’s four-pronged approach, the strategy behind job seeker and job keeper and the likely future of these programs, in addition to the impact of reduced population growth, view Richard’s full interview with AusBiz below