Victorian unemployment rate to rise and GDP to fall in midyear update

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Impact of coronavirus on Victoria's economy to be unveiled today

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Mr Pallas said the Victorian Government has provided almost $7 billion in support to businesses and households.

"The coronavirus pandemic is one of the biggest challenges the state and country has ever faced — and we are doing everything we can to support the tens of thousands of Victorian businesses, workers and families doing it tough," Mr Pallas said. "For the sake of our economy and the ones we love, the most important thing we can do right now is follow the rules designed to keep us safe."The Andrews Government is set to give 50,000 public servants a 2 per cent pay rise after reaching a deal this week, despite the budget pressures.

The state's budget was already impacted before the crisis due to rising wage costs and a downturn in the property market before last year's federal election. The Government plans to borrow an extra $24.5 billion to set up an emergency fund it can draw down on, to help the state recover from the pandemic over the next two years.

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Impact of lockdown not Coronavirus you mean.

June 16 C-Virus Active cases 382, Today 4221 Daniel Andrews Stuff Ups with the C-Virus

Let’s see who Daniel Andrews blames today because of this.

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