Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

It is cold comfort. The member for Rankin is absolutely right: it is cold comfort for many people who are doing it tough, but it does indicate the significance of COVID-19 on global economies and they also underscore the significance of the actions that we have taken and what they have delivered. The United Kingdom saw their GDP fall by more than 20 per cent, France fell by around 14 per cent, the United States fell by around 9.1 per cent, Canada fell by 11½ per cent, Germany fell by around 10 per cent. Around the world we have seen devastating GDP numbers in June.

But we are focused on the road out. This is the JobMaker plan: investing more in infrastructure; tax incentives for businesses to get them to invest; 340,000 new training places for people who need to re-skill and re-equip themselves to get a job; and, of course, cutting red tape to make it easier to do business. Today was a hard day to take, but we are focused on the road out and getting Australians back to work.

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