Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 2-Feb-22
Prime Minister Scott Morrison has conceded that the federal government has made some key mistakes in its handling of the COVID-19 pandemic. Amongst other things, Morrison has admitted that he underestimated the seriousness of the Omicron outbreak going into the summer months, while he should have put Lieutenant-General John Frewen in charge of the vaccine rollout from the outset. Morrison has also stated that Australia has a "once-in-a-lifetime opportunity" to reduce the unemployment rate to below four per cent. His target of a 3.75 per cent jobless rate in the second half of 2022 is more ambitious than that of the Reserve Bank, which expects it to reach this level by the end of 2023.
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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA