Australia’s coronavirus rescue package is a step in the right direction – but we needed a leap | Stephen Koukoulas

The measures taken in response to the coronavirus crisis will support growth, but they will be slow to come into effect and aren’t enough
• Follow our global coronavirus live blog
• What the $189bn economic rescue package means for you
• Why Australia is easing superannuation access for those worst-hit
The $66bn second stage of the government’s economic policy response to the coronavirus crisis is a genuine effort to underpin the economy as it lurches towards the deepest economic downturn since the 1930s great depression.
Unfortunately for those losing their jobs, their hours of work and their businesses, there is an unseemly delay before most of the measures reach the bank accounts of those in need.
Continue reading…

The measures taken in response to the coronavirus crisis will support growth, but they will be slow to come into effect and aren’t enough

Follow our global coronavirus live blog
What the $189bn economic rescue package means for you
Why Australia is easing superannuation access for those worst-hit

The $66bn second stage of the government’s economic policy response to the coronavirus crisis is a genuine effort to underpin the economy as it lurches towards the deepest economic downturn since the 1930s great depression.

Unfortunately for those losing their jobs, their hours of work and their businesses, there is an unseemly delay before most of the measures reach the bank accounts of those in need.

Continue reading…

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