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Australia’s Finance Minister Mathias Cormann warned on Friday that the second wave of coronavirus could cost the Australian economy $80 billion over the next two years, according to Australian Associated Press. 

The government is worried that anti-racism rallies scheduled for this weekend may spread the virus. 

Global stock markets have posted sharp losses in the last 24 hours on renewed economic concerns and fears of a pandemic resurgence complicating the economic recovery. 

 

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