Please find below recent commentary from the Matrix Investment Research team, relating to the effect of Coronavirus (COVID-19) on our current economy that we trust you will find interesting:-
We are now in a lockdown phase, with most Australians practicing social distancing and home isolation.
While we can’t avoid economic pain in the very near term, we have plenty of tools to fight the economic slowdown in the longer term. The government has a very healthy balance sheet and the capacity to spend very large sums of money to keep the economy going in this difficult year. Expect them to do so, we anticipate that before this is over the Australian government will have conducted multiple rounds of fiscal expenditure to support the economy. This will certainly end up being the largest stimulus effort the Australian government has ever done. And in time it will work.
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