CANBERRA – Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October.

The 2020-21 federal budget was due to be released Tuesday. But the government was forced to delay it until it assesses the full economic cost of the coronavirus. “Overall, the economic data has been sobering,” Treasurer Josh Frydenberg told Parliament on the first day of a scheduled three-day sitting this week.

He said he expects gross domestic product (GDP) will fall more than 10% in the June quarter, representing the biggest fall on record.

Read more on clickorlando.com

All news from clickorlando.com

The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Claim a grant through the Self-Employment Income Support Scheme

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant. Use this online service to: You’ll need your: UK bank details (only provide bank account details where a Bacs payment can be accepted) including: You must make the claim yourself.

Britain information Government Coronavirus

Broadchurch actor Will Mellor discusses ‘horrendous’ loss of father during coronavirus pandemic

Broadchurch and Hollyoaks actor Will Mellor has spoken about the difficulty of losing his father during the coronavirus pandemic.

Will Mellor death pandemic stars Coronavirus

Brazil agency’s slow response led to rising Indigenous COVID-19 cases: sources

As COVID-19 reached remote indigenous lands in Brazil’s Amazon, the government agency responsible for protecting native people brushed off calls for action, focusing instead on waging ideological battles, according to agents from the institution itself and others.

Jair Bolsonaro India Brazil covid-19 Coronavirus indigenous people

Trump points to good news as restaurant owners tell of fears

WASHINGTON – Restaurant owners gave President Donald Trump a sobering accounting of the widespread damage the coronavirus pandemic has dealt their industry and asked him to adjust a loan program for small businesses to address their concerns. The president put a hopeful spin on the situation, saying encouraging news on vaccines and treatment efforts could “negate” the bad news.

Washington president vaccine Government Coronavirus

Rubio steps in to lead Senate Intelligence Committee

WASHINGTON – Florida Sen. Marco Rubio will temporarily become chairman of the Senate Intelligence Committee, Republican leaders announced, taking charge of the panel at a time of turnover and tension in the nation's intelligence community.

Marco Rubio Richard Burr state Florida Washington state North Carolina pandemic information Coronavirus

Strip club reopens with ‘masks on, clothes off’ party - but owner admits it's a 'risk'

A US strip club has re-opened for business, providing ample amounts of hand sanitiser and requiring dancers to wear face masks.

Usa state Wyoming county Cheyenne covid-19 death mask Coronavirus

Queen could be 'facing £18m loss' after coronavirus kills tourism to palaces

The Queen could be facing a hit of £18million after the coronavirus crisis killed tourism to royal palaces, according to reports.

city London Queen Coronavirus

Brad Pitt Shares Epic Message For Missouri State’s Class Of 2020: ‘We Are Rooting For You’

Brad Pitt, 56, may be in quarantine but he made time for a special congratulatory message for graduating seniors in his hometown of Springfield, Missouri on May 18! The talented actor recorded a video clip for Missouri State University’s class of 2020 from his home and the school played it as one of the last surprises during their virtual graduation. They also reposted it on their Twitter page to show the public and it’s every bit as sweet as you can imagine.

Brad Pitt state Missouri city Springfield, state Missouri 2020 quarantine Coronavirus

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Australia faces "sobering" future economy due to coronavirus

Related News