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Treasurer Josh Frydenberg risks double dip recession in big budget ‘mistake’ – NEWS.com.au
Treasurer Josh Frydenberg risks double dip recession in big budget ‘mistake’
Economists have sounded the alarm that Treasurer Josh Frydenbergs bold new budget strategy risks a double dip recession that could prolong the economic pain.After preaching the mantra of the “back in black” approach to the budget for years, Mr Frydenberg announced today that red is the new black.
The budget, to be handed down on October 6, will be bleeding red in the wake of the COVID-19 recession and now the Treasurer has warned voters not to expect a pathway back to a surplus for years.
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