Snap Back Economics
John Spooner
In September the Morrison government announced a ‘gas-led recovery’ to boost the economy, still suffering greatly from the impact of the pandemic. For months, the Prime Minister and the Treasurer had been seeking ways to bring this about. However, Spooner’s smug crocodile embodies some of the risks in the government’s ‘snap back’ strategy — such as high energy costs, whereby Australian homes and businesses pay far more for gas than the price it is exported for.
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