Strong fiscal stimulus is needed without which the economic recovery is likely to falterAustralian Treasury Secretary Steven Kennedy said in an interview with The Guardian on Friday.
Key Comments:
“The measure would allow the government boost the economy whenever it weakens rather than just after a ‘big hit’ like a pandemic. ”
“Given the lack of conventional monetary support available, the recovery could be tarnished without a strong fiscal policy response leading to years of anemic growth. ”
“Fiscal policy has always responded to big shocks, but now there is doubt as to whether the intervention threshold should be lowered“.
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