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AUSTRALIA
AUSTRALIA: Per the Sydney Morning Herald: "The restrictions aimed at stopping
the spread of coronavirus are costing Australia $4 billion a week, with
Treasurer Josh Frydenberg revealing the economy is likely to shrink by 10 per
cent in the June quarter. In analysis that puts pressure on the national cabinet
to start loosening economy-depressing restrictions at its Friday meeting, the
Treasurer will use a speech on Tuesday to outline the economic damage already
caused by the pandemic and measures to bring it to a halt."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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