
Business warns of $400b economic hit if lockdowns continue
The Australian economy could take a $400 billion hit if restrictions adopted to fight the spread of COVID-19 continue for six months, modelling by the Business Council of Australia shows.
The Australian economy could take a $400 billion hit if restrictions adopted to fight the spread of COVID-19 continue for six months, modelling by the Business Council of Australia shows.
Business is warning that without increasing the GST there won’t be any hope of delivering personal income and corporate tax cuts.
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