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Australia virus spending will not avoid recession

Content type:: Expert Briefings
Location:: AUSTRALIA
Keywords associated with this article:: Geographic: Australia AP

Topical: politics fiscal government health economy industry international relations social banking corporate debt education foreign investment foreign policy foreign trade monetary retail services tourism
ISSN:: 2633-304X
Citation:: Oxford Analytica (2020), "Australia virus spending will not avoid recession", Expert Briefings.
https://doi.org/10.1108/OXAN-DB251666

Monday, March 30, 2020

Significance

Impacts

Low consumer confidence will dampen lending activity and delay Australia’s economic recovery.
Community lockdowns will expand as authorities try to stem COVID-19.
The government will lose support if seen to have handled COVID-19 ineffectively (critics say the response was slow).

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