Extracts of Treasurer Josh Frydenberg’s speech at the National Press Club on May 5 were obtained by The Australian on May 4. The extracts revealed that Frydenberg was due to report that Australia’s economy had shrunk between 10-12 percent this quarter.
According to the extracts, the fight to protect Australia from the CCP (Chinese Communist Party) virus, commonly known as novel coronavirus, cost the Australian economy $50 billion (US$32.3 billion).
