Significant Jobless Rise Ahead in Australia: Frydenberg

Significant Jobless Rise Ahead in Australia: Frydenberg
People wait in line to enter Centrelink in Melbourne, Australia, on March 24, 2020. Quinn Rooney/Getty Images
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Australian Treasurer Josh Frydenberg has warned Australians to expect a significant rise in the unemployment rate alongside a big reduction in the rate of economic growth as a result of the CCP (Chinese Communist Party) virus.

“That’s a reflection of the queues we have seen outside Centrelink and that is the reflection of the health restrictions that have had a severe economic impact,” he told the ABC’s Insiders television program on April 12.