Australian recovery requires an extended support package, more social housing: OECD

Economic outlook from the OECD forecast for Australia

Economic outlook from the OECD forecast for Australia Source: AAP

The Australian government should consider extending its financial support package and investing in education and training, says the OECD.


Australia's economic output could fall by 6.3 per cent this year if there's another wave of coronavirus cases, a key global economic body warns.

But even without a second wave, the Organisation for Economic Co-operation and Development says Australia's gross domestic product will still fall by five per cent this year, with severe and long-lasting consequences.


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