The Impact of the COVID-19 Pandemic on the Australian Economy
The Treasurer’s economic statement of 23 July 2020 highlighted the extreme uncertainty surrounding the macroeconomic outlook globally and nationally, with the course of the economy being profoundly influenced by the course the COVID-19 pandemic might take. Yet we know we are experiencing the deepest national and global recession since the Great Depression.
Will it be a V-shaped recovery, or U-shaped, L-shaped or possibly W-shaped involving a double dip? As recovery begins, more of those workers who gave up searching for jobs when the COVID-19 lockdowns began will be encouraged to re-enter the labour market, adding to the pool of unemployed. When might unemployment peak?
Australia’s services exports, including inbound university students and tourists and professional services exports such as engineering services, will be hostage to ongoing international travel restrictions. What effect will those restrictions have on national prosperity?
Understanding Australia’s Poverty Issues: A Multi-Dimensional Matter
The Forum will touch on what we know about poverty from a macro and micro economic perspective as well as take a look at some of the issues that are linked to addressing matters related to poverty.
The Banking Royal Commission has been scrutinising the behaviour of banks and other financial institutions. It will make recommendations to the government on reforms to the financial sector. The Melbourne Economic Forum will discuss possible reforms.
The Economic Challenge for the 45th Parliament
The Forum will address the economic policy challenges facing Australia in the aftermath of the federal election.
Since tax reform remains an ongoing policy issue, this Forum builds on the excellent discussion at the December Forum.