11 May 2020

Economy showing strain, are welfare changes coming?

From Nine To Noon, 9:09 am on 11 May 2020
A closed sign hanging in a shop window

Photo: 123RF

As the economy shows further signs of strain, what can the government do in this week's Budget to get us on the road to economic recovery? 41,000 more people have gone on to the benefit since February, government spending has risen $4 billion more than expected, and official debt now sits at 21.3 percent of gross domestic product. Kathryn discusses the state of the economy and prospects for the Budget with Infometrics economist Brad Olsen, Shamubeel Eaqub from Sense Partners, and ANZ Chief Economist Sharon Zollner.