Australians have been warned to expect a long road ahead before the economic disaster turns around, as spats over JobKeeper flare up.
program Wednesday night, Mr Frydenberg defended the government’s moves to cut back JobKeeper and claimed “the jobs are coming back”.
“So there is some hope. There is a light at the end of the tunnel. We need to get the virus under control.” “This is the worst recession in almost a century. We do already have a new record: more than a million Australians are jobless for the first time in the history of this nation,” he said. “But, remarkably, still not a word about what the government actually intends to do about it; still nothing that resembles a credible, genuine, comprehensive plan for jobs in this country. “And that is what the nation most needs right now, as we face these dark days of recession and the long tail of unemployment.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Looming recession announcement 'grim but not unexpected' | Sky News AustraliaSky News Political Editor Andrew Clennell says the looming treasury announcement confirming Australia has entered its first recession in three decades will make for 'grim but not unexpected' news.\n\n“We know we are in a recession. The aim has been to keep us out of depression,” he said.\n\nThe Treasurer is today expected to announce Gross Domestic Product figures which will reveal the Australian economy has contracted by approximately six per cent. \n\n“The one big thing to worry about is the debt going forward,' Mr Clennell said.\n\n“I don’t think JobKeeper will be coming off before the next federal election … and by then a fair bit of money, extra tens of billions, would have been spend.\n\n“The problem here is the cliff; do we keep kicking this can down the road or do we accept this higher unemployment rate”.\n\n
Read more »
‘Grim’ reality of Melbourne retail industry after being hit by two lockdownsMelbourne’s small businesses are fighting for survival as the city weathers its second lockdown since the coronavirus pandemic rocked Australia in March.
Read more »
Aussies experience mixed day at US Open🇦🇺CMON!🇦🇺 Thommo is the first Aussie through to the second round of the USOpen 🙌 How the other Aussies fared on day one: 9WWOS jordanthommmo2
Read more »
‘Grim’ reality of Melbourne retail industry after being hit by two lockdownsMelbourne’s small businesses are fighting for survival as the city weathers its second lockdown since the coronavirus pandemic rocked Australia in March.
Read more »
Looming recession announcement 'grim but not unexpected' | Sky News AustraliaSky News Political Editor Andrew Clennell says the looming treasury announcement confirming Australia has entered its first recession in three decades will make for 'grim but not unexpected' news.\n\n“We know we are in a recession. The aim has been to keep us out of depression,” he said.\n\nThe Treasurer is today expected to announce Gross Domestic Product figures which will reveal the Australian economy has contracted by approximately six per cent. \n\n“The one big thing to worry about is the debt going forward,' Mr Clennell said.\n\n“I don’t think JobKeeper will be coming off before the next federal election … and by then a fair bit of money, extra tens of billions, would have been spend.\n\n“The problem here is the cliff; do we keep kicking this can down the road or do we accept this higher unemployment rate”.\n\n
Read more »