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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Coronavirus Australia Update: Two New Cases In Victoria, Three in NSW

There are concerns of a spike in coronavirus cases in the coming weeks after thousands of protesters attended rallies across Australia at the weekend.

Two new cases have been recorded in Victoria in the past 24 hours.

Victoria’s Chief Health Officer Professor Brett Sutton said anyone who marched at the weekend and gets sick needs to get tested immediately.

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