Professor Salvatore Babones has published a new paper for the Centre for Independent Studies (CIS) estimating the likely impact of the COVID-19 virus (coronavirus) on Australia’s export earnings.
Babones estimates that Australia will lose between $8 billion and $12 billion in export earnings, equivalent to roughly 0.4% to 0.6% of GDP, with Australia’s services export industries hardest hit. However, this estimate assumes the crisis is over by June 2020.
Below is the Executive Summary of the report, along with key charts and tables:
