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Flat White

ScoMo and Josh: worse than Whitlam?

24 July 2020

5:00 AM

24 July 2020

5:00 AM

In delivering the economic and fiscal update on Thursday, Treasurer Josh Frydenberg delivered on his promise of ‘eye-watering’ numbers. An estimated seven per cent contraction in real GDP in the June quarter – easily the largest in the 60 years of quarterly national accounts – and a $280 billion addition to Commonwealth debt in two years are hard to beat in the shock-and-awe stakes.

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