Australian economic update: can we believe Treasury's 'glass half-full' outlook? | Katharine Murphy

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The economy was sputtering before the pandemic hit and Covid-19 has delivered a body blow

The May budget was cancelled, so we’ve had to wait for revised forecasts mapping the impact of Covid-19 on the budget and the economy. The Treasury produced new numbers on Thursday. What did we learn?

Related: Australian unemployment to tip over 9% by Christmas and budget deficit to hit $184bn in 2020-21

Related: Economists on the Treasury update: ‘the bottom line is we need more stimulus’ | Emma Dawson, Chris Edmond and Cherelle Murphy

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