'Terrible' jobs data means Australia could suffer a longer, more protracted downturn: BAML

Extensive government support will be key to getting Australians back to work this year, says Tony Morriss of Bank of America Merrill Lynch. But he warns that employment measures could prolong the economic impact of the pandemic if they are scaled back too soon, leading to a U-shaped recovery .
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Thu, May 14 20206:52 AM EST