Australian economy could take $50 billion hit

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Treasury has estimated Australia's economy will shrink by between 10 and 12 per cent by next month, equivalent to $50 billion. 9News

Coronavirus live updates: Trump says it's fine if Australia wins vaccine race; treasury says restrictions wiping $4b a week off economy; Ruby Princess inquiry to hear from new witnesses

But Mr Frydenberg will point to the coalition's intention to hold fast to its guiding values and principles.

 

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Wel yeah and it will get a whole lot worse if pm isn’t smart in his dealings .....oh bugger

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