Coronavirus: Australian economy could fall into fiscal cliff in October – NEWS.com.au

Economists have warned Australias economic decline still looms in October and the governments announcement of the biggest budget deficit since World War II as is stark reminder of how big the fallout really is of COVID-19.Australian workers face decades of debt and the nation has been hit with an $852 billion borrowing bomb from fighting the coronavirus crisis, it was reported on Thursday.
Treasurer Josh Frydenberg revealed the stunning cost of the pandemic in an economic update that shows Aust…

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