Economists applaud $130b jobs package but warn deep recession is inevitable. I speak with UBS Australia chief economist George Tharenou
Economists have welcomed the Prime Minister's $130 billion rescue package to keep as many as six million Australians in jobs.
But UBS Australia chief economist George Tharenou predicts a deep recession with GDP diving ten percent in the second quarter of 2020 with the jobless rate of 10.5 percent.
Mr Tharenou speaks with ABC's Peter Ryan.
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