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Economy forecast to take a significant hit from coronavirus

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Secretary to the Treasury Dr Steven Kennedy appears before a Senate Estimates hearing at Parliament House in Canberra, Thursday, March 5, 2020. (AAP Image/Mick Tsikas) NO ARCHIVING

Secretary to the Treasury Dr Steven Kennedy appears before the Senate Estimates hearing Source: AAP

The Reserve Bank and Federal Treasury are warning the Australian economy will take a significant hit from the coronavirus. It comes as advisory firm Price Waterhouse Coopers forecasts the global economy will suffer badly because of the spread of COVID-19.

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By Sonia Lal, Nakari Thorpe

Source: SBS

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The Reserve Bank and Federal Treasury are warning the Australian economy will take a significant hit from the coronavirus. It comes as advisory firm Price Waterhouse Coopers forecasts the global economy will suffer badly because of the spread of COVID-19.

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