Economic impact from Victoria 'severe'

The prime minister says Treasury's upwardly revised forecast for unemployment to 10 per cent as a result of Victoria's restrictions is a "heavy blow".

Victoria's ramped-up coronavirus restrictions is expected to push up the jobless rate. (AAP) Source: AAP

Another 400,000 people are expected to lose their jobs as a result of Victoria's virus lockdowns, pushing the national unemployment rate up to 10 per cent.

Treasury also expects economic growth will be slashed by $12 billion in the September quarter.

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