Australian Treasury Secretary Kennedy
- "at least" 0.5% hit from the virus in Q1 … and that is just tourism & education … and the and exchange rate. Does not include supply chain issues.
- virus will "undoubtedly" have an impact on the budget
- global economic impact of virus is continuing to emerge but little doubt it is significant.
- no sign of systemic stress or financial market malfunctioning evident at moment
- demand impacts will eventually out-weigh the supply impacts.
