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Deloitte Access Economics partner Chris Richardson said things will get more "challenging" after March.
“JobKeeper has been an absolute hero … and has created a world of difference for Australia," he told Channel Seven's Sunrise this morning.
However, the Government has maintained its stance on tapering off JobKeeper.
"The Morrison Government has always maintained that JobKeeper is a temporary program designed to taper off as economic confidence and momentum builds," Treasurer Josh Frydenberg told AAP.
"We're seeing that through the 734,000 jobs created over the last six months, with fewer businesses and their employees in need of JobKeeper and other temporary economic support."
The reduction in JobKeeper comes after the JobSeeker 'coronavirus supplement' was reduced from $250 a fortnight to $150 per fortnight on 1 January.
This means the maximum rate of JobSeeker is now $715 a fortnight.
Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!