Business
‘People have misunderstood’: Expert busts common Covid-19 myth – Yahoo Finance Australia
“We entered this crisis with a healthy budget and lower government debt than most other nations around the world. And that has been perhaps the hidden asset we noticed the least through this.”
Australia has officially entered its first recession in 30 years, but things arent as bad as they seem, a major economist has said in defence of the Governments stimulus policies.
Speaking at the Press Club on Wednesday, Deloitte partner and economist Chris Richardson said he is not worried about the economy, despite the incredibly obvious and newsworthy higher debt.
But thats the point, this is not an ordinary economy. People have misunderstood what is happening right now, and I am desperat…
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