Coronavirus: Australia's economy faces unprecedented setbacks

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For many in Australia, the bushfire catastrophe now seems a distant memory as the coronavirus pandemic takes this country deeper into the unknown.

The "miracle economy" that avoided recession during the 2007-2008 financial crisis, avoided the worst of the 1997 Asian financial crisis as well as the lancing of the dot.com bubble is in deep trouble.

The Black Summer fires were adding to an escalating economic malaise but the coronavirus has inflicted a jolting collapse. In one week about one million Australians became unemployed.
Read more: https://www.bbc.com/news/world-australia-52131939

Hundreds of people queue outside an Australian government welfare centre, Centrelink, Melbourne

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