Australian workers face years of crushed wages

Wednesday 29 April 2020

Bloomberg’s Australian economist, James McIntyre, has released research examining the potential fallout of the COVID-19 pandemic on the Australian economy, which he predicts could have lasting impacts until 2022.

The key forecasts from McIntyre’s report are shown in the below table:

Under the base case:

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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.