Budget forecasts for unemployment well under the 10% assumption CCP have worked into the collections outlook and subsequent write downs.
With millions of workers losing jobs or hours from shutdowns this year, the budget forecasts unemployment to peak at 8% in the December quarter, fall to 7.25% by June 30 next year, falling to 6.5% the subsequent year and 6% in 2022-23.
Budget forecasts for unemployment well under the 10% assumption...
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