Opinion

Banking on consumer spend to save Australia from a fiscal cliff is a gamble at best

By Adam Triggs
Updated July 1 2021 - 2:51pm, first published January 18 2021 - 5:00pm
November saw a boost to clothing, footwear and personal accessory retailing, but consumer spending is an unreliable bet. Picture: Shutterstock

The government's $90 billion JobKeeper program ends abruptly in March. This massive withdrawal of government support from the Australian economy represents a 'fiscal cliff' unlike anything Australia has seen before.

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