how will Australia survive the economic downturn?

how will Australia survive the economic downturn?

The Reserve Bank has done its bit, with a massive $90 billion injection of cash into the financial system. Now the government must step up with an equivalent package.

Treasurer Josh Frydenberg and Prime Minister Scott Morrison (Image: AAP/Lukas Coch)

In raining at least $90 billion on the financial system to encourage banks to keep lending, the Reserve Bank has indicated not merely that the economy faces an unprecedented — if temporary — slump, but that the effects will linger for years. Specifically, at least three years.

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