Original article by Steve Jackson
The Australian – Page: 4 : 6-Apr-21
The International Monetary Fund’s latest economic outlook report highlights the role that job-retention schemes have played in supporting nations’ economies during the COVID-19 pandemic. The Washington DC-based agency has also cautioned against winding back such measures too soon. Grattan Institute CEO Danielle Wood contends that the federal government’s fiscal capacity is sufficient to have maintained the JobKeeper wage subsidy scheme, which ended on 28 March. She notes that some sectors are still struggling in the wake of the pandemic.
INTERNATIONAL MONETARY FUND, GRATTAN INSTITUTE