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Australian economy storms ahead as COVID recovery turns V-shaped

16 Comments
By Swati Pandey

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The government announced a wage subsidy scheme to keep people in jobs while banks deferred payments on home loans and cut borrowing rates to help boost credit growth.

See Japan and the US? This is how you do it, not with GoTo subsidies and corporate welfare for crony firms like Dentsu. Otherwise you get a K-shaped recovery, which Japan and the US are proudly displaying.

13 ( +13 / -0 )

All this while standing up to our big dragon brothers in the North having hissy fits and trying to coerce us into line through bully tactics and a trade war. Makes you proud to be an Aussie ay ;p

Hard to fall hard when you have integrity , a clear idea of what you stand for and some old fashioned grit.

10 ( +10 / -0 )

All this while standing up to our big dragon brothers in the North having hissy fits and trying to coerce us into line through bully tactics and a trade war. Makes you proud to be an Aussie ay ;p

Record prices and exports of our number one earner, iron ore, to that very big dragon up north, has certainly helped our bottom line!

9 ( +9 / -0 )

Good job, Australia.

Much better than most.

7 ( +8 / -1 )

So what happens when the government stops giving away cash..

-7 ( +1 / -8 )

So what happens when the government stops giving away cash..

so which government is spending billions on stimulus as we speak, doesnt change the fact that Australia has the virus in check, its almost life and usual business back to normally without the need of stacking corpses at the morgue and in mass graves. well done Australia this is what real leadership can achieve.

5 ( +5 / -0 )

Yes. It's good news. I've never been a fan of conservative governments, but I have to admit that this one has done a good job of piloting the country through the pandemic. That's because they listened to the experts on health, and adopted a pragmatic approach on the economy which focused on helping both business and the individual citizen.

Why, they've been almost socialistic.

7 ( +7 / -0 )

@wtf what part of the Country are you in because from what I am hearing there is nothing normal at all...the government has been pumping money at the unemployed and job keeper so what happens when that get cut out this month?

1 ( +1 / -0 )

Australia doesn’t have herd immunity because of its stringent lockdowns.

-5 ( +0 / -5 )

Doing better than countries that didn't take the virus seriously

This virus is a serious matter - take it seriously, you'll come out better

4 ( +4 / -0 )

Australia doesn’t have herd immunity because of its stringent lockdowns.

So, which countries have herd immunity?

4 ( +4 / -0 )

cla68

Australia doesn’t have herd immunity because of its stringent lockdowns.

Lockdowns have no effect on herd immunity, vaccines do. Once the vaccines have been rolled out, Australia will have the same herd immunity as any other nation.

3 ( +3 / -0 )

Australia doesn’t have herd immunity because of its stringent lockdowns.

Nowhere has herd immunity. So it's not clear what you are even talking about.

The true failures in leadership when it comes to covid won't just be how many died overall, but how long it will take some economies to recover. Countries that took the short term pain of lock downs created a sense of stability that will transfer into confidence in the markets. Some countries will take a lot longer to recover from covid than others.

2 ( +3 / -1 )

Australia doesn’t have herd immunity because of its stringent lockdowns.

No country yet has herd immunity

Now, the vaccines will get us to herd immunity faster than any other way

3 ( +3 / -0 )

the vaccines will get us to herd immunity faster than any other way

Some countries faster than others.

2 ( +2 / -0 )

Covering tracks?

0 ( +0 / -0 )

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