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Josh Frydenberg warns of economic shock ‘Australia’s never seen before’

Article image for Josh Frydenberg warns of economic shock ‘Australia’s never seen before’

Australians are being told to brace themselves for a harsh reality around debt and deficit numbers ahead of the mini-budget later this week.

Treasurer Josh Frydenberg told Ben Fordham we need to prepare for some confronting figures in the budget announcement on Thursday.

“They’re eye-watering numbers, certainly numbers that Australia’s never seen before.

“But that’s also reflecting an economic shock that we’ve never seen before.

“I mean this is a one in a hundred-year event and the scale and the speed of the changes to the employment market have been much greater than we’ve seen in previous recessions.”

Click PLAY below to listen to the full interview

Image: Getty

Ben Fordham
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