Australia’s economy could contract by 6.3 per cent this year if there is a second wave of coronavirus infections, according to the Organisation for Economic Cooperation and Development’s latest economic outlook.
Alan Kohler has today’s finance report.
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In This Story: Australia
Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.