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Flat White

Wait until we emerge from shelter – and see the economic damage done

9 April 2020

5:49 PM

9 April 2020

5:49 PM

If we think of coronavirus as a severe tropical cyclone, when it passes and we venture outside to survey the wreckage it will be impossible not to see the enormous damage to the country’s public finances.

Federal and state governments are spending a great deal more, while their revenues take a hit.

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