Maintaining the coronavirus shutdown is costing the economy $4 billion a week, according to new Treasury analysis that will be thought about by the country’s leaders as they fulfill to decide which constraints to raise.
Key points:
- Treasurer Josh Frydenberg will give details of a new report into the economy when resolving the National Press Club
- The analysis will be thought about by the National Cabinet when going over the possible lifting of restrictions
- Mr Frydenberg will worry the importance of “getting people back to work as quickly as possible”
Treasury estimates the mass closure of companies and activities, created to stop the spread of the infection, will see Gross Domestic Product plunge by 10 per cent in th