Wednesday, April 1, 2020

Coronavirus rescue to push government debt to a trillion dollars, UBS warns. Businessman Graham Bradley backs extraordinary measures, likens crisis to WW2


The looming cost of shielding businesses and households from the worst of the coronavirus is set to push Australia's debt to eye-watering levels. 

Some economists predict the debt bill could eventually exceed a trillion dollars as the Prime Minister does "what it takes" to get Australia to the other side of this crisis. 

But prominent businessman Graham Bradley says all the normal rules have been put aside for now as Australia deals with the biggest challenge since World War 2. 


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