Australia

Australia ‘avoided the economic abyss’ and ‘saved a generation from unemployment’: Frydenberg

Treasurer Josh Frydenberg says Australia has "Avoided the abyss of the economy" Saved "Young Australian generation from long-term unemployment".."As the Reserve Bank Governor has publicly said many times, he is not in a position to look at higher interest rates," He said."What he does is to support our economic recovery, which is done through very accommodative monetary policy and fiscal policy is also very adaptable."The unemployment rate has fallen to 5.5%, avoiding the abyss of the economy ... Last year, many saw that the unemployment rate could reach 15%. This means more than 2 million unemployed."

Treasurer Josh Frydenberg said Australia “avoided the abyss of the economy” and “saved the young Australian generation from long-term unemployment.” “As the governor of the Reserve Bank has said many times, he is not in a position to look at higher interest rates,” he said. “What he is doing is helping our economic recovery, which is done through very accommodative monetary policy and fiscal policy is also very adaptable.” Unemployment to 5.5% Declining, we avoided the depths of the economy … many last year, when we thought the unemployment rate could reach 15%, this means more than 2 million unemployed. Let’s do it. “

Treasurer Josh Frydenberg said Australia “avoided the abyss of the economy” and “saved the young Australian generation from long-term unemployment.”

“As the governor of the Reserve Bank has said many times, he is not in a position to look at higher interest rates,” he said.

“What he is doing is supporting our economic recovery, which is done through very accommodative monetary policy, and fiscal policy is also very accommodative.

“The unemployment rate has fallen to 5.5%, avoiding the abyss of the economy. Last year, many thought that the unemployment rate could reach 15%, which was seen by more than 2 million people. Means unemployed. “

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Place of originAustralia ‘avoided the economic abyss’ and ‘saved a generation from unemployment’: Frydenberg

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