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Virus will hit the June quarter too, Treasury warns

Matthew Cranston

Treasury Secretary Steven Kennedy has told a parliamentary committee that the economic impact of coronavirus will be deeper and wider than that of SARS and will hit the economy by "at least" 0.5 percentage points in the March quarter as well as flow into the June quarter.

Treasury Secretary Dr Steven Kennedy said the virus impact will hit the June quarter too. 

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/policy/economy/virus-will-hit-the-june-quarter-too-treasury-warns-20200305-p5471a