THE HON JOSH FRYDENBERG MP – Treasurer – Media Release – Economic Recovery Plan for Australia THE HON JOSH FRYDENBERG MP Treasurer MEDIA RELEASE 6 October 2020 ECONOMIC RECOVERY PLAN FOR AUSTRALIA Our Economic Recovery Plan for Australia will create jobs, rebuild our economy and secure Australia’s future. Since the onset of the COVID-19 pandemic, the Government has provided $257 billion in direct economic support to cushion the blow and strengthen the recovery. The 2020-21 Budget commits a further $98 billion including, $25 billion in direct COVID-19 response measures and $74 billion in new measures to create jobs. Under our plan, the economy is forecast to grow by 4¼ per cent next calendar year and unemployment is expected to fall to 6½ per cent by the June quarter 2022. ...