“One in 10 Australian workers will be unemployed by Christmas the Morrison Government has predicted in a grim COVID-19 forecast. Warning the world faced the most significant economic challenge since the Great Depression, Treasurer Josh Frydenberg has revealed the nation now faces an $850 billion debt bomb that will take decades to repay.”
The world economies are very sick, and the economic disaster about to unfold has only just started to unravel.
This is why gold is near historic highs, and will most likely rise further.
read more....
https://www.news.com.au/finance/economy/australian-economy/covid19-economic-forecast-unemployment-rate-to-hit-925-per-cent/news-story/b750087174f1226c2425732b4e273f8e
gold, page-81426
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