Table 4.
The COVID-19 impacts of the international market on the Australian economy.
| Per cent |
$ million, 2018–19 prices |
|||
|---|---|---|---|---|
| With trade |
No trade |
With trade |
No trade |
|
| (1) | (2) | (3) | (4) | |
| Real HH | −0.82 | −0.90 | −$8773 | −$9607 |
| Real INV | −3.01 | −3.38 | −$13,542 | $15,221 |
| Real Gov | 0.00 | 0.00 | $0 | $0 |
| Real EXP | −6.41 | −6.84 | −$29,936 | −$31,802 |
| Real IMP | −2.95 | −3.28 | $13,015 | $14,487 |
| Real GDP | −2.05 | −2.21 | −$39,236 | −$42,142 |
| Employment | −3.32 | −3.58 | ||
| Cap Stocks | 0 | 0 | ||
| Real wage | 2.62 | 2.81 | ||
| Capital rent | −6.10 | −6.82 | ||
| GDP deflator | −2.29 | −2.63 | ||
| CPI | −2.58 | −2.76 | ||
| Exchange rate | 0.00 | 0.00 | ||
| Terms of trade | −1.17 | −1.94 | ||
| Additional unemployment rates | 3.20 | 3.45 | ||
Source. Authors' simulations.