The treasurer says it's too early to tell how bad the economic impact of the coronavirus will be, as Chinese businesses hope it's only a temporary setback.
Treasurer Josh Frydenberg has warned the economic impact of the coronavirus will be “significant” as Australian businesses brace for a hit to their bottomlines.
The federal treasury is scrambling to model a range of scenarios with some forecasts suggesting the local economy could suffer a hit of up to $2.3 billion.
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