Victoria Is Dragging Down Australian Economy

Victoria Is Dragging Down Australian Economy
Federal Treasurer Josh Frydenberg arrived for a press conference on June 11, 2020 in Canberra, Australia. Sam Mooy/Getty Images
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More Victorians are expected to be on JobKeeper wage subsidies by year’s end than the rest of the country combined.

New Treasury numbers paint a grim picture of the devastating impact Victoria’s second wave of coronavirus is having on the national economy.