The Australian Treasury Department acknowledged that Australia is facing a U-shaped recovery after the crown economic blockade. As those who have completely left their jobs and are excluded from unemployment statistics begin to look for work, he said the unemployment rate may continue to rise in May and June. .
The government’s bond issuer issued an additional 4 billion in debt on Thursday. At present, the debt issued by the government has reached a record 643 billion yuan. He said he was encouraged by the market’s demand for government debt, which has had a bond rate of about 1% for 10 years. Strong economic growth and increased employment will make debt repayment easier. “The strong long-term debt structure and focus on pushing people back to the job market mean that these problems can be solved,” he said.
https://www.afr.com/policy/economy/treasury-expects-squeezed-u-economic-recovery-20200521-p54v2c