Treasurer Josh Frydenberg has warned the economic impact of the coronavirus will be “significant” as Australian businesses brace for a hit to their bottomlines
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Mr Frydenberg has pledged to support those industries affected by the outbreak and try to mitigate the potential economic costs. There have been more than 28,000 confirmed cases of coronavirus globally, resulting in more than 560 deaths, with 14 cases confirmed in Australia. “Any severe or protracted international travel restrictions would mean that small businesses in Australia will be impacted,” he said.
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