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Coronavirus impact on Victoria’s economy to be outlined in midyear financial update – ABC News
New modelling from the Department of Treasury and Finance predicts Victoria’s economy will not be hit as hard by the coronavirus pandemic as originally expected.
New government modelling has predicted Victoria’s economy will not be hit as hard by the coronavirus pandemic as originally expected.
Key points:
- Modelling data released in April predicted Victoria’s unemployment rate would rise to 11 per cent
- The Treasurer will deliver a midyear financial update today outlining the effect the pandemic is having on Victoria’s economy
- The Victorian Government is set to give 50,000 public servants a 2 per cent pay rise
Data fro…
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