Coronavirus pushes Australia into biggest deficit since WW2

Summary

  1. The cost of the pandemic has pushed Australia into its biggest budget deficit since World War Two
  2. Australia has recorded a deficit of $86bn for 2019-20, and is forecasting a $184bn deficit next year
  3. Treasurer Josh Frydenberg says there are “many challenges to confront” with the unprecedented crisis
  4. A committee of UK MPs says it is “astonished” by the government’s failure to plan an economic response to the pandemic
  5. Brazil registers more than 67,000 new cases in 24 hours, another record amount
  6. President Trump says he wants schools to reopen and would be “comfortable” sending his young son in
  7. Globally there have been 15 million cases of Sars-Cov-2 and more than 622,000 deaths

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