NAB: Tourism and education king hit by virus

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NAB has named Australia’s tourism and education sectors as the areas of the economy most likely to be hardest hit by the coronavirus pandemic:

“For Australia, the immediate impact is likely to be on exports, with travel restrictions weighing on the education and tourism sectors,” NAB said.

China was Australia’s biggest source of international visitors in 2019 – bringing more than 1.4 million people to our shores…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.