ANALYSIS: Interest rate cuts are far more likely when you add a global coronavirus pandemic into the mix
Not only is it our biggest export market for minerals, but it also ranks number one in our third biggest export, tourism. Ironically, it's a health issue creating ructions in our economic relationship.
Student cancellations are flooding in with serious flow-on effects to those who provide housing and other services. The entire world has been focused on Australia and fires and there is no doubt our reputation as a safe tourism destination has taken a battering which could last well beyond this year. US government bonds — a safe haven for worried capital — are in hot demand as cash floods in. Money markets are making a bet that the virus will hit global growth and that America will be forced to cut interest rates yet again.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australians told to stop travel to China amid coronavirus fearsQantas says it will suspend its two direct services to mainland China amid the growing outbreak of coronavirus. 9News
Read more »
Coronavirus outbreak: Why ‘Patient Zero’ could hold the answersAmid claims the coronavirus has been circulating for months, experts are hunting for an elusive ‘Patient Zero’ who holds the answers.
Read more »
Up to 600 Aussies to be evacuated from China's coronavirus epicentreBREAKING: The Qantas 747 flight rescuing 600 Australians on lockdown from the coronavirus has touched down in Hong Kong, on its way to Wuhan. 9News
Read more »
Fires and virus could drive nation into recessionThe unprecedented summer of bushfires and now the coronavirus outbreak could drive Australia into its first recession in three decades, economists have warned.
Read more »
Coronavirus outbreak: Indonesia places neighbouring countries at riskIndonesia’s detection systems have come under fire from experts, concerned that the nation’s ability to test for the novel coronavirus is inadequate.
Read more »
Aussies to be airlifted out of Wuhan 'in next 24 hours' as medicos arrive on Christmas IslandFederal health minister Greg Hunt is confident Australians will be airlifted from the Chinese city of Wuhan - the epicentre of the coronavirus - in the next 24 hours to Christmas Island.
Read more »