Economy // Government | Regulation

Economic update August 2020

Despite a record run of continuous economic growth, the COVID-19 pandemic has pushed the country into economic downturn. 
Government support has been extended by another six months, however what happens when these payments are discontinued? With increasing unemployment and casualisation of the workforce, and eventual discontinuation of support payments, the Australian economy will continue to be challenged. In addition, global recovery, trade and geopolitics pose increasing uncertainty for our exports and key partners.