Business
Economic rebound was the easy bit, but ‘recovery’ could take an eternity – Sydney Morning Herald
The economy has taken off like a stimulus-fuelled rocket, but it’s going to take a long time before all our troubles are behind us.
Knowing this would cause much loss and hardship, governments spent huge sums to help individuals and firms, including the JobKeeper wage subsidy (intended to discourage idle firms from sacking their workers), the temporary JobSeeker supplement (to help those workers who were sacked), help business cash flows and much else.
The politicians and their econocrats assured us this would be sufficient to hold most of the economy intact until theyd be able to lift the lockdown. Despite much scepticism (including…
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