SYDNEY Australia will take a 10% hit to gross domestic product and the unemployment rate will likely double in the June quarter due to measures to limit the spread of the new coronavirus, Treasurer Josh Frydenberg will say in a speech on Tuesday.
SYDNEY, May 5 Australia will take a 10% hit to
gross domestic product and the unemployment rate will likely
double in the June quarter due to measures to limit the spread
of the new coronavirus, Treasurer Josh Frydenberg will say in a
speech on Tuesday.
SYDNEY, April 22 China accused Australia of
taking instructions from the United States over its criticism of
Beijing's handling of the initial outbreak of the novel
coronavirus, marking a further deterioration in ties between the
two major trading partners.
SYDNEY Australia's lock-down measures have bought it time in its fight against the coronavirus and it must now decide its next course, its top medical officer said on Tuesday, as the prime minister warned against irreparable economic damage.
SYDNEY Australian officials closed internal borders on Friday and warned people to stay home over the upcoming Easter holiday as the country seeks to capitalise on a further fall in the rate of new coronavirus cases.
SYDNEY The leader of Australia's most populous state, New South Wales, said on Friday that authorities did not plan to impose further lockdown restrictions, despite concerns more coronavirus cases were emerging without a known source.
SYDNEY, April 1 Australian authorities will open
a pop-up coronavirus testing clinic next to Sydney's Bondi Beach
on Wednesday as health workers try to contain clusters of
infections across the country.
SYDNEY Australian officials warned that an accelerating number of coronavirus infections could start overwhelming the country's intensive care units, as stricter social distancing measures came into force on Wednesday.
* Australian leaders frustrated with social distancing
SYDNEY Australian retailers, casinos and toll road operators pulled profit guidance on Monday as unprecedented curbs on public life to combat the coronavirus pandemic hit demand, sending their shares into a tailspin.