Business
Will the economy shed 100,000 jobs when JobKeeper payments stop?
The Australian economy is prepping for a 28 March 2021 axe of the federal government’s JobKeeper payment scheme.
The JobKeeper scheme has been a critical tool in battling the economic effects of the coronavirus.
Following the approval of US President Joe Biden’s stimulus package, many Australians are wondering what comes after JobKeeper, and what its cessation means for the economy.
Economist predicts dramatic job losses
Today’s The Australian features Commonwealth Bank of Australia (ASX: CBA) economist Nicholas Guesnon discussing his opinion about JobKeeper payments coming to an end.
Guesnon believes that up to 110,000 employees…
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