Deloitte: New stimulus programs a fraction of last year’s
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It is my firm view that the Australian economic recovery after lockdowns end will be far less spectacular than last time due to:
- The virus lingering in the community and likely accelerating once we reopen; and
- Much less stimulus this time around.
Regarding the second point around stimulus, Deloitte has estimated that fiscal support during these lockdowns are running at a tiny fraction of the levels of last year:
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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.