The Australian Central Bank expects the Australian economy to shrink by 6% this year

Sydney August 14th Australian central bank governor Philip Lo said 14 days, COVID-19 Vitoria repeatedly dragged down economic recovery and other factors, the country’s economy is expected to shrink by 6% this year. Speaking at the Standing Committee on economics of the house of representatives of the Federal Parliament, rodantan said that the prospect of Australia’s economic recovery is facing great uncertainty. According to the benchmark scenario set by the central bank, Australia’s economy will shrink by 6% this year and grow by 5% and 4% in 2021 and 2022 respectively.