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.”
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