Economist Jason Murphy believes the unwinding of emergency income support from the end of this month will expose the fragility of Australia’s recession economy:
In just 14 days time, hundreds of thousands of Australians will have their weekly earnings slashed – and then the real financial pain will begin.
The most important graph in Australia right now is this one:
The full text of this article is available to MacroBusiness subscribers
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.