Australia Institute: Economic stimulus misdirected

Monday 16 March 2020

The Australia Institute (TAI) has has attacked the Morrison Government’s economic stimulus package as being the right size but poorly targeted:

The Prime Minister announced a $17.6 billion coronavirus economic stimulus package in order to try and stave off a recession.

Looking at the specifics of the stimulus announcement, one thing stands out: the size is right, but the shape is wrong.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.