Coronavirus economic impact: Australia could be among world`s hardest hit nations
(The Guardian China)

Australia´s economy is unusually dependent on China, and a coronavirus-driven slowdown could mean billions in lost revenueAustralia could be one of the countries worst affected by the economic impact of the coronavirus outbreak as factories in China remain shuttered and millions of people are confined to their homes and banned from travelling.The Reserve Bank of Australia on Friday stuck to its forecast of strong growth this year thanks to a rising housing market, and the stock market - along with others around the world - has largely shrugged off concerns about the global impact of the virus to remain close to all-time highs. Related: Reserve Bank boss says coronavirus likely to be worse than Sars for Australian economy The Chinese tourist is important to the Australia economic and sector not only because of the numbers of tourist but also just how much they spend while here - this is on a total basis and also average per person. They eclipse the US, UK, NZ & Japan combined #ausbiz pic.twitter.com/tSDmSUPAkl Related: Melco abandons bid for 20% of Crown Resorts due to coronavirus outbreak Continue reading...