Business
OECD warns Australia not to withdraw economic support too early in pandemic recovery – The Guardian
Economy forecast to rebound quickly in 2021, but world body says business and consumer confidence are still vulnerable
The Organisation for Economic Cooperation and Development has warned Australia not to withdraw fiscal and monetary policy support before the recovery from the economic shock associated with the coronavirus pandemic is well entrenched.
The latest economic outlook from the Paris-based OECD, published ahead of new national accounts data from the Australian Bureau of Statistics due on Wednesday, forecasts the economy will contract by 3.8% in 2020 before rebounding in the new year to grow by 3.2% in…
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