Confirming that the economy is on track to enter into the first recession since the 1990s, the Treasurer will reveal for the first time that the economy is now forecast to go backward in the June quarter.
Australian Prime Minister Scott Morrison speaks at a press conference at Parliament House in Canberra. Picture: Rohan ThomsonNew Zealand Prime Minister Jacinda Ardern was a guest at the National Cabinet to discuss potential travel between Australia and New Zealand. Picture: Hagen HopkinsIf Australia had introduced an Italian-style lockdown for two months, the adverse impact on GDP would double to 24 per cent, or $120 billion, in the June Quarter.
“Some of the hardest-hit sectors like retail and hospitality are among the biggest employers, accounting for more than two million employees between them.” “Despite the toilet paper boom and the record increase in retail trade in March due to panic buying, overall consumption, according to NAB data, has fallen 19.5 per cent since the start of the year, with declines across all jurisdictions. Victoria has had the steepest fall of 23 per cent followed by the ACT , WA , NSW , Queensland , South Australia , Northern Territory and Tasmania .
samanthamaiden Social distancing on public transport. Mad.
samanthamaiden The Parliament needs to go back to work first. how much are the MPs paid for staying home?
samanthamaiden So it is all about the money and not health. I suppose the health advice will miraculously change to say it is safe for everyone to go back to offices and workplaces now?
samanthamaiden If we have a 'second wave' as predicted, who will carry the can for that misstep ? Will we have another Ruby Princess.
samanthamaiden Just wondering if you were aware that Tasmania is a state in Australia?
samanthamaiden Many jobs work successfully from home and if all parties agree, this should be the new norm.
samanthamaiden And that's our fault how? Now we are meant to feel guilty. This Govt reeks of stupidity.
samanthamaiden Perhaps, but a) is it the economy that we want, and b) better than 100,000 dead in a month.
samanthamaiden We’d love to get back to it in Victoria but DictatorDan is busy accepting cash from businesses and then not naming them when there is a COVID outbreak at their premises.
samanthamaiden Really a 10% hit on our $2Tpa economy, feels like a lot more
samanthamaiden I think even reporting this is probably irresponsible
samanthamaiden Has Scomo & Co. Just awoken from a 5 week slumber or hibernation & had a casual loom at the bank account and worked out thar there's only $10 left.
samanthamaiden
samanthamaiden So the government would rather risk Australian life’s instead of the economy tanking. You can always make money but you can’t bring someone back.
samanthamaiden When will MPs be urged to return to Parliament again ?
samanthamaiden Large offices and call centres are not ready. Not until or unless separate work cubicles or particians are made mandatory in all open plan offices to isolate and protect every worker. Open plan offices are the workplace Petrie dishes. ScottMorrisonMP GladysB COVID19au
samanthamaiden Back to work at the start of the cold season? Lol....sorry, but what was point of lockdown again? To flatten our insignificant curve? You back off now without herd imunitity or eradication or a vaccine, you prove your a bunch of evil hypocrits. Btw, nice stenography.
samanthamaiden Sure! Get people back to work.🙄 Maybe wait until June 1st.
samanthamaiden Yep. All the city office workers will be rushing to get back to their commute and show how they can ‘physical distance’ on crowded peak hour teams, trains and buses. Not.
samanthamaiden Go back to work and wait for the 2nd wave 🌊 Australia ! 😂😂
samanthamaiden Isn’t this the perfect opportunity to re think our economic system? COVID19 backtowork
samanthamaiden Get back to work.
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Climate change ‘zealots’ push ‘fanciful’ Australian renewables project | Sky News AustraliaNSW Nationals MP Michael Johnsen says the idea pushed by “climate change zealots” to export solar and wind energy overseas through thousands of kilometres of direct current cables is “fanciful”.\n\nA report by Channel Ten’s The Project claimed 59,000 new jobs could be created if Australia committed to a 53 per cent emissions reduction target by 2030 with the export of renewable energy being at the forefront.\n\nMr Johnsen said he “couldn’t imagine” how much useable land would be needed to generate enough electricity for such a project to be viable.\n\nHe told Sky News host Chris Kenny what is needed to spearhead Australia’s economic recovery post-coronavirus is a drive in investment to ensure there are “cheaper forms of energy”.\n\n“Coal has got to be front and centre of this, as does gas,” he said,\n\n“If the earth was so negatively affected by the use of fossil fuels … then why is it recovering so quickly in only a matter of weeks”.\n\nImage: AP JohnsenMp Clearly not watched this 👇🏻👇🏻 JohnsenMp Did these people actually get an education, Although you cant teach common sense so where do they come up with these junk idea's I really hope it's not tax payer funded. JohnsenMp I’m a climate change zealot, but yep it’s crazy, the sun shines in Asia already and cables always have more loss the longer they are. Solar next to the dying coal plants is clever tho!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
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