Treasurer JoshFrydenberg has praised the remarkable resilience of the Australian economy in the face of the COVID-19 pandemic which has 'wreaked enormous havoc across the global economy'.
Treasurer Josh Frydenberg has praised the remarkable resilience of the Australian economy in the face of the COVID-19 pandemic which has "wreaked enormous havoc across the global economy". During Question Time on Tuesday, Mr Frydenberg spoke of the "staggering" impact on GDP being experienced around the globe in the fallout of the pandemic. "In the United Kingdom, it's been around 20 per cent, in France it's been around 14 per cent," he said.
1 per cent and the United States it was 9.1 per cent". Australia's GDP is widely predicted to take a hit in when the National Accounts for the June Quarter are released on Wednesday. However, Mr Frydenberg said the expectation is that the fall in Australia "will not be as large as we've seen in other countries around the world". "Indicating the remarkable resilience of the Australian economy," he said.
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