First we feared how bad Australia's economy might get. Now we worry how long it will be so bad

The latest weekly jobs report from the Australian Bureau of Statistics has put a dampener on any hopes that a solid recovery is under way, and – worse – it might still be the best news for some time as the survey covers the period before the second wave hit.

In February and March the reality that Covid-19 was not going to be like Sars brought with it a fair helping of fear and anxiety about how bad things might be.

Read more: https://www.theguardian.com/business/grogonomics/2020/jul/16/the-latest-economic-data-snuffs-out-hopes-that-australia-is-on-the-way-to-recovery