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Five things you need to know about today’s economic statement – The Conversation AU
The economy will be in the doldrums for quite some time, but the budget can cope.
Australia is living through the biggest economic and social disruption since the second world war. Todays budget update provides a stark reminder of just how big the economic and budgetary fallout really is.
If you dont have the appetite to wade through the 180-page economic statement, here are the five big takeaways.
1. The economy will be in the doldrums for a while yet
Australian gross domestic product is expected to fall by 3.75% in 2020, before rebounding to grow by 2.5% in 2021, leavin…
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