Australia's economy faces a long and hard road to recovery; Over the last month, as COVID-19 began to affect society and investment markets, it became increasingly obvious that government directives would ‘make or break’ both business operations and the trading environment of many companies. It’s fair to say for many businesses, the government’s response was underwhelming. We are witnessing business closures (many before imminent collapse) and a sharp rising trend in the level of unemployment. Unfortunately, when our various levels of government introduced their health directives they did so without considering the economic consequences. Consequently, as I explain in this wire, Australia’s recovery will be slower because of the damage done in not having a planned “path to recovery”
