Our modelling, commissioned by the CSIRO, shows by embracing a circular economy we can expect an increase in GDP of $23bn by 2025.
One reason for Australia’s effective performance can be traced to our health system capability and preparedness, where we rank in the top 10 percent of all countries.
To me, really big measures are needed and this JobKeeper policy meets that need.
The government’s main focus at the moment appears to be to strengthen the safety net designed to help individuals and families impacted by COVID-1.
The RBA was obliged to cut rates to 0.25%. It is right that monetary policy should be working in a co-ordinated manner with the government’s fiscal stimulus packages.1
KPMG modelling in a report published today estimates Australian GDP would be at least 0.9 percent lower in 2020 because of the COVID-19 pandemic.
Experience has taught us that fiscal stimulus measures need to be targeted, timely and temporary, and these form three of the Federal Government’s seven principles.
Despite the volatility on global and local markets, the COVID-19 pandemic is not like the GFC. It’s in fact very different and so are its effects.