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Flat White

Revealed: new analysis shows the true cost of mismanaging the corona crisis

8 September 2020

5:00 AM

8 September 2020

5:00 AM

With many countries, including Australia, having reported their national accounts for the April to June quarter, the initial economic impact of the coronavirus pandemic is now a matter of record with the emphasis on ‘initial’.  

Although a partial recovery is likely in most countries in the July to September quarter, the economic pain will continue for years even if there are no further lockdowns, as slumps like this have long-lasting effects.

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