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In the first paper in the CEDA Council on Economic Policy Economic Recovery Series, Professor Percy Allan and The Hon. Dr Craig Emerson consider the need for new macroeconomic policy to avoid the 'cliff' marked by the end of the Federal Government's initial support measures in September
"There is a serious risk that the Australian economy will relapse into deep recession once most of the existing fiscal relief measures expire at the end of September 2020. To avoid that fate, the Federal Government should adopt another large round of fiscal stimulus."
- Professor Percy Allan & The Hon. Dr Craig Emerson
For policy makers the burning issue is how to prevent the Australian economy suffering a double-dip collapse after existing income and other Federal Government support measures designed to offset the effects of the COVID-19 pandemic expire in late September 2020.
The Federal Treasurer, Josh Frydenberg, will provide an updated economic and fiscal outlook on 23 July, which is expected to outline some features of the government’s fiscal strategy ahead of its full budget on 6 October 2020.
The 2024 NAPLAN results show one in three school students is falling short of benchmarks on numeracy and literacy. While teachers are critical to building these foundational skills, job satisfaction among educators has declined in recent years. This drop may also be contributing to a falling supply of teachers. CEDA Economist Liam Dillon writes that we must highlight and address the challenges our educators face and give them the support they need to succeed. Getting these settings right is essential to help the education sector develop the next generation of talent.
Read more Economy November 27, 2016Preparing for future jobs, the Federal Budget deficit, tax avoidance and the GST have been highlighted in CEDA's 2016 Big Issues survey as the top issues affecting the Australian economy.
Read more Economy April 28, 2014On 30 April 2014, CEDA released its policy perspective Advanced Manufacturing: Beyond the production line at an event in Melbourne. The report examines where Australia's opportunities for advanced manufacturing lie and how they can play a role in supporting Australia's long-term growth.
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