Coronavirus impact has caused ‘deep concern’ for Australia’s economy

Coronavirus impact has caused 'deep concern' for Australia's economy

Sky News host Sharri Markson says there is “deep concern about how the Australian economy can handle this hit,” as the lasting impacts of the deadly coronavirus threat continue to impact Australia’s tourism sector.

Ms Sharri noted the Commonwealth Bank recently downgraded its GDP forecast by 0.4 per cent for this calendar year, with the reported drop in projection apparently attributed mostly to the impact of the coronavirus.

There are concerns “just how bad this is going to get” and how the Australian economy will react, Ms Markson said.

It comes as Prime Minister Scott Morrison “ruled out any compensation for the education or tourism sectors,” according to the Sky News host.

Image: Getty

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