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Victorian Economic Update - July 2020

Introduction

The coronavirus (COVID-19) pandemic represents the biggest economic shock the world and Victoria have experienced since the Great Depression. 

Body

 

New modelling shows that real gross state product (GSP) may fall by 5.25 per cent in calendar year 2020 and, in the September quarter, Victoria’s unemployment rate could rise to 9 per cent with job losses peaking at around 200,000. 

Download the Victorian Economic Update - July 2020

 

Reviewed 23/07/2020
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