The curse of ‘The Lucky Country’: In search of economic antidotes to Covid-19

‘The human tragedy and the knock-on economic effects of the COVID-19 crisis have sparked intense emotions. The past few months have triggered fear and uncertainty in even the most rational Australians. In McKinsey’s weekly sentiment polling, the majority of respondents say they are very or extremely concerned with all strands of the COVID‑19 situation—from the economy to their health to the length of the shutdown (and these figures are increasing each week) (Exhibit 1). This has coalesced into an arresting statistic: almost 80 percent of Australians say they are unsure or pessimistic about the country’s economic recovery.’

Read here (McKinsey & Co, May 4, 2020)