Coronavirus: how economic rescue plans can set the global economy on a path to decarbonisation
An economic downturn as severe as the great depression is possible, but what should emerge out of it?
April 20, 2020 • ~6 min
An economic downturn as severe as the great depression is possible, but what should emerge out of it?
NSW and Victoria are shutting down non-essential services and activities over the next 48 hours, and the federal government has announced it will widen eligibility and increase income support as the coronavirus crisis escalates.
Small and medium-sized businesses will get up to $100,000 in cash payments in the government's second stage of emergency assistance, worth a huge $66 billion, to cushion businesses and individuals as the coronavirus cuts a swathe through Australia's economy.
The federal budget will be delayed until October 6, as the demands of dealing with the rapidly moving pandemic and the impossibility of forecasting have made the May timetable impossible.
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