ScoMo sets course for double-dip recession

Scott Morrison says on growth today:

“We need to lift our economic growth rate by more than one percentage point above trend to … catch back up to where we were before COVID-19 hit.”

“The restoration of growth is also critical to our public finances. We are looking at a record deficit this year and next, and not just because of record COVID-19 expenditures. Revenues have taken an equally large hit.

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