Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Yes, I can. The OECD report makes it very clear that the economic consequences of a second wave of infections would be 'dire' for both the Australian and the world economies. In the event of a second wave the report said: 'The global economy would likely contract by a further 1.6 per cent. The Australian economy would contract by a further 1.3 per cent.' That means our economic contraction would jump from five per cent to 6.3 per cent under the second-wave scenario, which would be an extra $25 billion blow to our economy. But it wouldn't stop there. A second wave would also hit our forecast recovery in 2020-21 by 3.1 per cent, which would mean an $80 billion blow to our economy over two years. That would cost thousands of Australian jobs. That is why every Australian has a patriotic duty to do everything they can to help minimise the risk of a second wave. That is why every Australian must heed the health advice and must not attend mass protests at this time.