Unwind of emergency income support will expose recession crisis

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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:

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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.