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"The hole due to the COVID-19 crisis hasn’t been as deep and prospects might be a bit brighter than we thought," said Mr Downes, who was one of the very few forecasters in the GFC to accurately predict Australia would avoid recession.
"The best-case scenario is the economy recovers very quickly next year if Victoria gets the virus under control and other states continue to have virtually no community transmission."
"With sufficient and well designed fiscal stimulus we might hope for a substantial recovery next year."
Mr Downes has uncovered a "surprising" 675,000 net overseas arrivals in Australia in the 12 months to June 30.
About half a million extra people were here in the final three months – demanding services, houses and earning incomes.
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夏日和风------抹茶红豆瑞士卷 (2010-12-9) 无翼而飞 
发表于 2020-10-23 14:55
