Monday, March 15, 2021

Monday Finance with Peter Ryan - could Jobkeeper end push jobless rate higher? Concerns that real estate bubble could pose systemic risk to economy.

Warnings are growing that Australia's unemployment rate will rise when emergency support like Jobkeeper ends on March 28. 

While new targeted stimulus for aviation and tourism announced last week has been cautiously welcomed by the sector, there are concerns it won't help accommodation and hospitality businesses. 

ABC's Peter Ryan speaks with Judo Bank chief executive who says the unemployment rate will rise when the Jobkeeper program wraps up.

Mr Healy also sees a systemic risk from the real estate bubble in some parts of Australia when interest rates eventually rise.

Here's my analysis from RN Breakfast this morning





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