Fears mount that underemployment could drive Australia's recession deep into depression | ABC News

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Australia’s GDP figures may have helped it’s economy sneak into a recession, but they don’t tell the full story, and neither does the official unemployment rate.

A collapse in work hours is how many Australians are feeling the pain.

Some economists are warning that the recession could become a depression if the Government withdraws it’s economic stimulus.

Read more here:

NSW economy suffers biggest fall in 20 years but coronavirus impact yet to be seen, Premier warns – https://www.abc.net.au/news/2020-06-04/nsw-economy-suffers-but-coronavirus-effects-not-yet-seen/12317346

Coronavirus recession leaves 1.4m Australians in mortgage stress, almost 100,000 could default after JobKeeper ends – https://www.abc.net.au/news/2020-06-04/covid-recession-mortgage-stress-default-home-loans-jobkeeper/12318274?section=business

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