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Battered by coronavirus, Australia’s ‘lucky’ economy faces long road to recovery

Coronavirus has done to Australia what even the global financial crisis could not: abruptly end a record growth run and help trigger a deep recession from which the country will take time to recover.While the country has been relatively successful in containing the spread of the pandemic, with around 7,700 cases and 104 deaths, the cure of shutting out the rest of the world means massive hits to three key growth drivers – tourism, education and immigration.Australia sees first Covid-19 death in…

Read the original article at South China Morning Post

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