The figures confirm the first recession in almost 30 years in Australia. Services related to the real estate and food sectors fell by more than 39%, while the retail sector fell by 3.1%. This is the fifth consecutive month of decline.
- The JobKeeper and JobSeeker subsidies have kept the economy afloat so far
- It is becoming increasingly difficult in Australia to find affordable rental homes
- In Italy, the gross domestic product (GDP) collapses to record levels
According to the Italian Economy Minister Roberto Gualtieri, there is evidence that in the third quarter of 2020 there will be "a strong rebound". We asked Max Tani to analyse the week's economic issues.
Metropolitan Melbourne residents are subject to Stage 4 restrictions and must comply with a curfew between the hours of 8pm and 5am. During the curfew, people in Melbourne can only leave their house for work, and essential health, care or safety reasons.
Between 5am and 8pm, people in Melbourne can leave the home for exercise, to shop for necessary goods and services, for work, for health care, or to care for a sick or elderly relative.
All Victorians must wear a face covering when they leave home, no matter where they live.
People in Australia must stay at least 1.5 metres away from others. Check your state’s restrictions on gathering limits.
If you are experiencing cold or flu symptoms, stay home and arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080.
News and information is available in 63 languages at https://sbs.com.au/coronavirus
