Episode 98: Huge Deficits To Follow The Recent Stimulus Announcement, How Do We Bounce Back?

This week’s episode kicks off with a discussion of the recent restrictions imposed in Victoria. To deal with the consequences of rising cases, the Government has offered new incentives and amended existing ones to help the people during these difficult times. Louis provides us with details on the recent developments in Victoria and the steps taken by the Government to help all those impacted by COVID-19. Joel provides an update on the expected deficit and what should be done to reverse the effects of COVID-19 on the Australian economy. Lastly, Brett provides an update on the property market and the underlying causes that have led to a stagnated market.

This Week’s Investor Exchange Round Table Covered:

  • Government Relief Payments: The infection rate is at an all-time high in Victoria. The Government announced new incentives for the people in light of the increasing COVID-19 cases. Louis tells us more about these incentives and what their implications might be.
  • National Deficit Update: Joel discusses the difference between the expected and actual size of the deficit. Furthermore, he tells us about how Australia has managed to overcome similar challenges in the past and how we can learn from those experiences to deal with the current crisis.
  • Property Market Update: In one of the last segments, Brett tells us about the stagnated property market in Australia and what factors might have led to this situation. He also provides an update on consumer sentiments and what changes can be expected in the future.

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