All arms of public policy are needed to deal with the health crisis and support the recovery. Today I would like to take you through some of the detail on the outlook, and provide some background on the thinking and analysis behind those numbers. Our baseline scenario As we did three months ago, today we are presenting three separate scenarios.
We are doing this to provide more guidance on the range of uncertainty in the current environment. There are many potential risks and uncertainties at present. The main one, though, is the spread of the virus, both here and abroad. The difficult situation in Victoria is an example of how quickly this can change. So that is the dimension our various scenarios rest on.