Australia's economy will take a $50 billion hit in the June quarter but things could get a lot worse if restrictions to deal with the coronavirus stay in place.
As the nation's leaders start planning baby steps towards normality, its bean counters have calculated the economic cost of the health measures.
Treasury has estimated Australia's economy will shrink by between 10 and 12 per cent by June, equivalent to $50 billion.
A harsher lockdown, akin to the eight-week closures seen across Europe, could wipe $120 billion from GDP.
