As the COVID-19 pandemic sweeps across the globe, shutting down countries and closing borders, the Australian government had to quickly come to terms with the severity of the health crisis and the inevitability of an economic recession. A series of economic measures has been announced since early March to mitigate the impact on the local economy and people’s lives. The usual May federal budget was delayed to October 2020, while the uncertainty makes formulating reliable economic and fiscal estimates an impossible task.
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