Australia

Food & Beverages

27-10-2020

Australia's Exports Climb as Coronavirus Cases Dwindle

Australia

Exports went up by 3 percent (month-to-month), after contracting by 4.2 percent in the previous month. On the other hand, imports declined by 1 percent after climbing by 2 percent in the previous month. The number of reported COVID-19 cases have continued dwindling. The Victoria state government, one of the current epicenters of the virus, reported for the first time in four months that there were no new coronavirus cases within the past 24 hours. In the same way, new deaths were not reported in the last 24 hours. The regional government is now planning to lift some of the restrictions it had imposed to stop the advance of the pandemic. Victorian State Premier Daniel Andrews responded to the news by announcing that the pandemic is under control and it's now time to reopen the economy. "Now is the time to open up. Now is the time to congratulate every single Victorian for staying the course," he said. So far, 80,811 coronavirus cases have been reported in Australia, with a death toll of 979.