How many Australians are expected to return to work after restrictions ease?

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Approximately 850,000 Australians are expected to return to work as social distancing restrictions are eased.

The Australian government anticipates a significant return to the workforce as the nation progresses through its three-phase plan to lift social distancing measures. This easing of restrictions, projected to see most curbs removed by July, aims to facilitate nearly one million people re-engaging with employment amid a declining trend in coronavirus cases. The economic benefits are also projected to be substantial, with the Treasurer estimating a monthly GDP increase of A$9.4 billion once the third phase of relaxations is implemented.
Third Phase of Easing Restrictions

The return of approximately 850,000 individuals to their jobs is specifically linked to the implementation of the third phase of social distancing restriction relaxations. This stage of the plan is a key component of the government's strategy to revitalise the economy following the impact of the pandemic. The overall objective is to move towards a more normalised economic environment by July, allowing a substantial portion of the population to resume work.
Economic Impact of Eased Restrictions

Treasurer Josh Frydenberg has indicated that the gradual removal of restrictions will provide a considerable boost to the Australian economy. Each phase of the easing is expected to contribute to GDP growth, with the full implementation of the three stages anticipated to add A$9.4 billion to the economy monthly. The first phase alone, which includes the partial reopening of sectors like cafes and restaurants, is expected to inject A$3.1 billion each month.
Broader Economic Response and Debt

The government's strategy to manage the economic fallout involves significant financial intervention, with a pledged injection of A$320 billion into the economy. This package is largely directed towards wage subsidies for approximately 6 million individuals, aiming to keep them from official unemployment figures. However, this fiscal support is expected to lead to a considerable increase in government debt, with projections suggesting Australia may need to borrow over A$300 billion in the next 15 months, necessitating a future period of economic austerity.

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How many Australians are expected to return to work after restrictions ease?

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