Reserve Bank boss says coronavirus likely to be worse than Sars for Australian economy

Philip Lowe says China’s economy is now bigger and more integrated into the world economy so the impact is likely to be greater

The coronavirus outbreak could do more damage to the Australian economy than 2003’s Sars outbreak, governor of the Reserve Bank Philip Lowe has said.

Appearing before the House of Representatives economics committee in Canberra on Friday, Lowe said China’s economy was now much bigger and more integrated into the world economy.

Continue reading...

from The Guardian https://ift.tt/2He01N3
via
0 Comments