Economy needs $90bn extra stimulus, JobKeeper extension, says think tank
The government should inject $70 billion to $90 billion in extra economic stimulus over the next couple of years, as well as revamp and extend JobKeeper, to help Australia recover from the COVID-19 recession, the Grattan Institute has said.
According to the think tank, the federal government will need to enact extra economic stimulus to get up to 510,000 extra Aussies back to work and drag unemployment down to some 5 per cent by the middle of 2022.
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