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Australian Economists Brace For Bigger GDP Slump With Sydney Under Lockdown Until Late August Australian Economists Brace For Bigger GDP Slump With Sydney Under Lockdown Until Late August Comments Off on Australian Economists Brace For Bigger GDP Slump With Sydney Under Lockdown Until Late August SYDNEY  The Australian economy is facing its biggest jolt since the depths of last year’s recession, with the Sydney lockdown extended until the end of August. Economists have further downgraded their forecasts for the national economy in the September quarter, expecting it to head towards a steep contraction. The Greater Sydney area is the country’s biggest city and represents around a quarter of national output.

New zealandNew south walesSouth australiaFelicity emmettJosh frydenbergZealand banking groupCommonwealth bankAustralian bureau of statisticsGreater sydneyTreasurer josh frydenbergSu ling ongNew zealand banking groupCatherine birchGarth airdReserve bankAustralian bureau