Analysis: Roundabouts and carparks are not enough; the budget needs to be bold | swrighteconomy
Albury-Wodonga has been one of the flash points of the border war through the coronavirus recession.
Despite that increase, it is still almost 60 per cent or $17 billion lower than its mining boom peak recorded back in 2013. Despite its overall financial importance to the economy, mining employs directly about 233,000 people. Manufacturing and construction employ more than 2 million.With unemployment at 7.5 per cent and on its way to something north of 9 per cent, maximising job opportunities must be upper most in the minds of all governments. Manufacturing and construction stand to gain the most from major infrastructure work.
Treasury and Reserve Bank forecasts, and experience from overseas, suggests the recovery out of this recession will take longer than initially hoped. That means larger scale projects that will take time to get up and running should be on the drawing board.
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.
'Document of despair': Business leaders slam Victoria's roadmap out of coronavirus lockdownVictorian Premier Daniel Andrews has vowed to reopen businesses as soon as possible, but organisations representing employers say the roadmap to lifting coronavirus restrictions does not go far enough, quick enough.
Read more »
Vaccine experts 'surprised' over Government's 'optimistic' COVID-19 rollout timelineAs the Government announces when it expects a COVID-19 vaccine will be available to Australians, experts warn we still do not know enough to rely on the estimate.
Read more »
‘I’m not Donald Trump’ won’t win the election for Biden | Sky News AustraliaSky News US political commentator Joe Hockey says running on a policy of ‘I’m not Donald Trump’ is not enough for Joe Biden to win.\n\nPresident Donald Trump has continued trying to frame the upcoming election as solely about law and order, while Democratic nominee for president Joe Biden has tried to link Mr Trump with the coronavirus crisis.\n\nMr Hockey said President Trump has tactically made the pandemic a state’s issue which has “lowered the temperature of the coronavirus … as a political issue”.\n\n“This election will be about jobs and security from a republican perspective,” he told Sky News host Paul Murray.\n\n“For the Democrats, it will be ‘I’m not Donald Trump’.\n\n“I don’t think ‘I’m not Donald Trump’ is enough of a policy platform for Joe Biden to win at the moment.”\n\nImage: AP
Read more »
Tammy says her daughters were let down by Tasmania's mental health services — she's not aloneAn internal review of Tasmania's Child and Adolescent Mental Health Service has found the system is under-resourced and unable to meet the needs of young people with the most complex needs.
Read more »
Melbourne's restrictions could ease early if numbers fall fast enoughMelbourne could be released from lockdown earlier than scheduled if case numbers drop more quickly than expected, Victoria's Chief Health Officer says.
Read more »
What Queensland's pre-budget statement tells us about next month’s electionLabor's pre-election fiscal and economic review doubles down on border closures while the LNP doubles down on debt in response, writes Peter McCutcheon.
Read more »