The Morrison government is bracing for the economy to contract in the first three months of this year but has ruled out any fiscal stimulus, after revealing the impact of the coronavirus will outstrip that of the summer of bushfires.
The PM says the coronavirus impact will be worse than the fires. Alex Ellinghausen
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
