Jade Luke
@jade__luke
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Joined February 2019
#ecoccc New JobKeeper changes to make it easier for Australians to get access to payments
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Australia is looking to strengthen ties with the UK as we begin to recover from the pandemic, starting negotiations for a free trade agreement. @jekearsley #9News
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Almost $72bn in major infrastructure projects across the country will be fast-tracked under an agreement struck between the federal, state and territory governments that would slash approval times in half to create 66,000 jobs.
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#ecoccc government induced recession
Kohler | Calling it a recession is false: more precisely, it’s the closure of parts of the economy by the government for health reasons, with partial compensation. @AlanKohler #ausecon #ausbiz #wealth #investing #auspol
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#EcoCCC Lowe suggests the possible need for an extension to the #JobKeeper scheme, and a possible increase in the NAIRU to 5% as a result of economic scarring.
Philip Lowe has told a senate hearing there are risks for the economy if the $70bn scheme is withdrawn too early. https://t.co/C72JJmXfJR
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#EcoCCC Political demands of the US may have the capacity to influence the economic response of Australia, particularly the state of Victoria.
#BREAKING: US Secretary of State Mike Pompeo has threatened the United States will “simply disconnect” from Australia if Victoria’s Belt and Road agreement with China affects US telecommunications.
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#Jobkeeper is actually only worth $70 billion, not the estimated $130 billion #EcoCCC
The Federal Government has made an embarrassing admission that it got the maths significantly wrong in its landmark #JobKeeper program. @KerrieYaxley #AusPol #9News
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the nature of the contraction and the expected recovery was also unprecedented because they were driven by public health measures, rather than induced by economic or financial factors. #EcoCCC
We have released the minutes of the May 2020 Monetary Policy Meeting of the Reserve Bank Board -
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China will impose anti-dumping and anti-subsidy duties on barley imports from Australia totalling 80.5% starting May 19. #9News
https://t.co/Z9us9qOgKR
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Germany’s GDP shrank by 8.6% in the first quarter, falling into recession. #EcoCCC
Germany fell into recession in the first quarter, but Europe’s powerhouse economy is expected to fare better than its neighbors
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Consumers are cancelling sales of new homes at a rate four times higher than during the GFC. https://t.co/AosLbIQUiA
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Restaurants, cafes to reopen and local travel allowed in first easing of coronavirus restrictions by National Cabinet
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Scott Morrison says the six million Australians who will benefit from the $1500 per fortnight wage subsidies will ensure people are kept in employment, and not just act as a welfare payment.
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We are about to see unemployment and underemployment skyrocket, with nonessential businesses shutting down in the next 48 hrs. #EcoCCC
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Australia’s economic growth will slump 6pc in 2020, the nation’s sharpest GDP contraction since the 1930s, Goldman Sachs predicts. https://t.co/vrkKIY3oDV
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It’s the response to COVID-19 that’s generating an almost certain recession, rather than the virus itself. But the slump in economic activity could be far larger than any time since the 1930s. https://t.co/TzbruxXppy
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