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Monday, July 6, 2020
Victoria to suffer "prolonged misery" from pandemic, Deloitte Access Economics warns
Deloitte Access Economics says Australia's economy will recover from the pandemic next year, but is warning that Victoria will suffer "prolonged misery" because of the fresh outbreak of COVID-19.
Deloitte says GDP will contract by 3 percent in 2020, more optimistic by the original forecast of five percent.
But Deloitte Access partner Chris Richardson says unwinding the $70 billion JobKeeper program in late September will be a delicate operation.
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