Australian Treasurer Says Budget Assumes Virus Vaccine Next Year

(Bloomberg) —



a row of computer equipment on a table: Glass vials move along a conveyor at the Gerresheimer AG medical glassware factory in Buende, Germany, on Tuesday, Aug. 11, 2020. Gerresheimer has built up capacity and most of its factories are operating around the clock as the company holds talks with pharma companies, working on a coronavirus vaccine.


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Glass vials move along a conveyor at the Gerresheimer AG medical glassware factory in Buende, Germany, on Tuesday, Aug. 11, 2020. Gerresheimer has built up capacity and most of its factories are operating around the clock as the company holds talks with pharma companies, working on a coronavirus vaccine.

Australia’s budget forecasts will assume a coronavirus vaccine will be developed in the next year, Treasurer Josh Frydenberg says.

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“The budget takes into account the possibility that is the case,” Frydenberg told Sky News Australia in a segment from an interview to be broadcast Monday”. “We have factored in those issues related to the vaccine and those will be available on budget night.”

Assuming a vaccine is available in 2021 will be a positive for the economic outlook, as it may signal a return to international travel and foreign tourist spending. Frydenberg is set to

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