Business
CBA chief Comyn says end of JobKeeper will be economy’s biggest challenge – Sydney Morning Herald
The head of Australia’s biggest bank calls for ongoing government stimulus and predicts a long and uneven economic recovery.
“One of the biggest challenges for Australia in 2021 and beyond will be how effectively we can move from the substantial and I think very effective income support thats been in place, to one of fiscal stimulus generating aggregate demand and new jobs” Mr Comyn said.
No ‘V-shaped’ recovery, but a ‘grind’
Mr Elliott said it was unlikely there would be a “V-shaped” bounce-back without a resumption of tourism or international student arrivals, predicting the recovery would be more of a “grind”. He…
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