Economic cost of coronavirus 'will be worse' than SARS epidemic | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

Western Australian Federal Political Editor Larnai Scarr says the government must prioritise its management of the coronavirus before everything else.

Ms Scar said that while the percentage of deaths may be lower, the economic impact of the coronavirus “will be worse” than the SARS epidemic which cost $40

billion worldwide. “China was the sixth largest economy in the world, its now the second” she said, highlighting the importance of China to the global economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economic risk of coronavirus is bigger than SARS: RBA governorReserve Bank governor Philip Lowe says the economic risk of the coronavirus is greater than SARS, as the infection rate surges and countries shut their borders Economic risk! You might even get really really sick and die in a mass quarantine prison. Yet our borders are wide open.
Source: smh - 🏆 6. / 80 Read more »

Coronavirus could cost tourism $1 billion per month | Sky News AustraliaThere are fears the coronavirus could cost the tourism industry one billion a month in lost revenue.\n\nThe education and seafood industries have also struggled due to a heavy reliance on Chinese business. \n\nThe government banned flights to-and-from China in an attempt to stop the spread of the disease, which has claimed over 600 lives worldwide.\n\nScott Morrison acknowledged “there will be an economic hit because of the coronavirus” but encouraged Australians to remain positive because “there will also be a recovery”.\n\n\nImage: Getty How about the fucking lives it could cost? Ffs
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Two Australians on board Diamond Princess cruise ship test positive for coronavirus | Sky News AustraliaThe Minister for Foreign Affairs Marise Payne has confirmed two Australians on board a Japanese cruise ship have tested positive for coronavirus and will be taken to Japanese medical facilities for treatment. \n\nThe cruise ship is harboured in Yokohama where 3,700 people are being quarantined to prevent the further spread of the coronavirus. \n\nMs Payne said “the safety of Australians, both at home and overseas is of course the primary responsibility of any government”. \n\n“We are making inquiries into the welfare of other Australian passengers and any need for consular assistance,' she said. \n\nImage: News Corp Australia
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Isolated mining camps, hotels to be used as coronavirus quarantine centres | Sky News AustraliaIsolated mining camps and hotels will be used as temporary quarantine centres for Australians traveling back from coronavirus hotspots.\n\nThe government is preparing for the potential evacuation of thousands of Australians exceeding the capacity at the Christmas Island isolation centre.\n\nHome Affairs Minister Peter Dutton says the government is looking at every scenario possible.\n\nTreasurer Josh Frydenberg has warned the economic impact of the virus could be more severe than the SARS outbreak in 2003.\n\n\n\n Surely all greens Polly's have a spare room available ❤️
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Fourth Qld case of coronavirus confirmed | Sky News AustraliaThe fourth case of coronavirus has been confirmed in Queensland bringing the nationwide total to 14.\n\nA 37-year-old man from Wuhan is in isolation at Gold Coast University Hospital. \n\nHe's a member of the same tour group as the three others in the state who tested positive for the virus. \n\nA 44-year-old man, a 42-year-old woman and an eight-year-old boy are in a stable condition in hospital.\n\nImage: News Corp Australia\n\n Their complaining of having to stay on Christmas Island for 2 weeks . Have some consideration of your home of Australia. I’m sure they don’t want to end up like china. None of us do.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

'There are very serious risks' for China in the coronavirus outbreak | Sky News AustraliaFormer Immigration Minister Amanda Vanstone says she thinks China’s coronavirus situation “could be worse than we know”.\n\nAccusations raised against Chinese local authorities claim the true number of coronavirus fatalities have not been reported. \n\nMs Vanstone told Sky News host Chris Kenny determining death toll figures would not be a simple procedure because “it is not just that China is an authoritarian state,' but 'the size of the population,” would make the determination of accurate figures difficult.\n\nShe said “you can talk about things per capita but when you multiply that by the number of people there are very serious risks'. \n\n“For a country like China to shut down a city the size of Wuhan, it is an incredible response.”\n\nImage: AP amandavanstone big news amandavanstone has a random thought about a situation she has no internal knowledge on, and then tells someone else. amandavanstone Worth a gif,,she just worked it out. Beijing not disclosing for what 60 days or more,,oops,,magnificient! amandavanstone I bet it is, just going on the past actions of the CCP.
Source: SkyNewsAust - 🏆 7. / 78 Read more »