Sky News contributor Dan Petrie says the economic fallout of the coronavirus “will be significant make no mistake” and he rejects Reserve Bank of Australia governor Dr Philip Lowe’s claim the economic hit will be short lived. The Australian is reporting the RBA predicts the fallout from the bushfires and coronavirus will be short lived as it announces official interest rates will be left unchanged at 0.75 per cent.
Mr Petrie told Sky News host Peter Gleeson the bottom line is “we don’t know the full impact of this coronavirus,” as multiple industries including tourism and industry will be affected he said.
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