Business
Markets Live, Friday 17 July, 2020 – The Sydney Morning Herald
Australian shares pared back early gains as Victoria announced a new record rise in coronavirus cases and NSW flagged tighter restrictions on businesses.
“Moreover, activity is also at risk from the unwinding of legislated stimulus from the end of this month.”
Westpac’s baseline forecast assumes a sharp decline in activity if Q2 is followed by little-to-no growth through the three months to September.
“The sharp rebound that is then forecast to occur from Q4 assumes current risks around COVID-19 subside. Clearly, to this view, the balance of risks seem heavily skewed downward,” Mr Clarke said.
Regarding China, the latest data highlights how ra…
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