Frydenberg to update nation on coronavirus damage to economy, budget | swrighteconomy
"It is reasonable to expect that the pace and scope of any easing in containment measures will become more clear in the period ahead while economic data on the current state of the economy will become more readily available," he said.
During the global financial crisis, the then Labor treasurer Wayne Swan released the traditional mid-year budget update in early December before publishing an updated set of forecasts at the start of February. "Australians shouldn't have to wait much longer than usual without the government being upfront with them about the impact of this virus, and the government's response," he said.
The address will come just days after the Reserve Bank of Australia releases its own economic forecasts in its quarterly monetary policy statement.coronavirus presented a "material" near-term risk to China's economic outlook. Domestically, it was put in the same category as the summer bushfires.
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