res.com Economy

Coronavirus Warning: Second COVID-19 Wave Would Derail Economy

The Organisation for Economic Co-operation and Development (OECD) warns about the second wave of coronavirus in Australia would come at a $25 billion cost to the economy. 

The economy would then grow by just one percent next year. Unemployment would average of 7.6 percent this year and then 8.8 percent next year. The virus has infected 7.2 million people worldwide.

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