Delivering an update to the Senate on Thursday, Mr Kennedy stressed the hit was primarily due to a slowdown in the tourism and education sector and the exchange rate.
“We have undertaken a preliminary assessment of what the impact of COVID-19 might be in the March quarter, and at this stage, we expect the virus to detract at least a half of a percentage point from growth in the March quarter 2020,” he said. “Beyond this preliminary estimate for the March quarter it is too early to tell, given the uncertainties, what the full impact of the COVID-19 coronavirus will be on the Australian economy.
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Australian authorities prepare for COVID-19 pandemic | Sky News AustraliaA 20-year-old university student has tested positive to coronavirus in Brisbane on Tuesday.\n\nHealth authorities are working to trace the patient's movements as fears mount Australia is on the precipice of a widespread domestic outbreak of coronavirus.\n\nHealth officials are also trying to track down people who came into contact with a Sydney doctor who was one of the first cases of human-to-human transmission of coronavirus in Australia.\n\nThree more cases of the virus were confirmed in New South Wales as the federal government advised all health and aged care workers returning from 'hot spot' locations to self-isolate for 14 days.\n\nOne woman is believed to have contracted the novel coronavirus from her brother - who recently travelled to Iran, while a 53-year-old health worker is thought to have contracted it while treating a patient.\n\nNSW Health Minister Brad Hazzard conceded the situation was “concerning” for health authorities. \n\nThe number of people who have contracted the disease has exceeded 90,000 worldwide, with 3,000 deaths. \n\nImage: Getty InfectiousDz Like, all of his sick patients. 😔
Source: SkyNewsAust - 🏆 7. / 78 Read more »