I really doubt that we are going to be that lucky and my reasoning for this is that even after all of that money that has been printed out of nowhere the economy is still suffering, unemployment is still sky high, businesses are closing, and even if the stock market recovered we know that recovery is false and we are probably bound to see another crash and I do not know if at that time the governments will have the money to save all of those that have made bad bets.
I don't understand whether printing money in Australia is right on target or not. In my country, even though the government has printed money, the money cannot be absorbed by the public, because commercial banks do not want to distribute credit in a situation like this with the potential for bad credit.
The Australian Central Bank certainly wants to boost the economy by expanding loan facilities to support household expenditures which make a major contribution to the turnover of the Australian economy. Australia is one of the countries experiencing a recession after its GDP fell 7% in Q2. As happened in many countries, the lockdown has also had a negative impact on the economy of a country as prudent as Australia, which was previously free from the impact of the 1998 Asian economic crisis and the 2008 subprime mortgage. All parties currently continue to question how quickly businesses can bounce back after the health crisis, due to controlled Covid-19 which allows business activities to be resumed. Economic growth is predicted to start in Q3 . However, the impact of Covid-19 is sure to cast a long and drawn-out shadow on the global economy and Australia's recovery.