“... we know that the economic impact on the global economy means that this pandemic recession is 30 times worse than what we saw in the global financial crisis (GFC).”
What RMIT ABC Fact Check found
Mr Morrison is comparing apples and oranges. Economists contacted by Fact Check said Mr Morrison's approach of comparing the size of the GDP contraction in each of the two years was not the normal way of assessing two economic periods. Experts say the claim is misleading, confusing and probably wrong in magnitude, although the numbers are not yet in for the current downturn. They also say that the GFC and the current pandemic recession are fundamentally different in nature. They had different...
Their words, from the summary they publish with the rating.
In short
Scott Morrison (Prime Minister) made this claim around 12 May 2021. RMIT ABC Fact Check (Australia) looked into it and published its finding on 2 June 2021, 21 days later. Its rating was “Apples and oranges”.
Scott Morrison has 18 checked claims in this archive. Fact-checking organisations rated 1 of them false or fake, 11 misleading or mixed and 3 true.
Where the claim appeared
- aph.gov.auhttps://www.aph.gov.au/Parliamentary_Business/Hansard/Hansard_Display?bid=chamber/hansard…
Links recorded by RMIT ABC Fact Check. Some posts may have been deleted since.
This check was done by RMIT ABC Fact Check, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.