WORLD_ DEADLY China CORONAVIRUS OUTBREAK_ Coronavirus: Why global recession will hit Australia hardest

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Coronavirus: Why global recession will hit Australia hardest

As another global recession becomes inevitable, Australia is in trouble – we’re coming into this battle wounded, perhaps fatally so.


Jason Murphy  @jasemurphy   6 comments
news.com.au 
March 20, 20201:15pm

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Another Global Financial Crisis is coming, and Australia is in trouble. Picture: istock Source:istock



Australia’s economy has a particular vulnerability that matters right now – high rates of underemployment. Hundreds of thousands of Aussies have, for years, wanted to work more hours but been unable to get them.

A few months ago, this was a problem. Now, with the coronavirus burning through the economy, it’s a crisis.

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READ MORE: https://www.news.com.au/finance/economy/australian-economy/coronavirus-why-global-recession-will-hit-australia-hardest/news-story/26fa200930b50434061b805d2010afbe


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