Article Analysis | Part-2 | Doc

Running head: ARTICLE ANALYSIS
Article Analysis
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ARTICLE ANALYSIS1
Table of Contents
1. Job losses from Australia’s coronavirus shutdown will be ‘devastating’....................................2
2. Australia’s growth outlook dims as China’s momentum falters amid corona virus outbreak.....3
3. Coronavirus is causing panic buying, but what does that mean for Australia’s food security....4
4. The Australian dollar hits lowest level since 2002, ASX extends fall........................................6
5. 5 Charts that explain the Saudi Arabia-Russia oil price war so far.............................................7
Reference.........................................................................................................................................9

ARTICLE ANALYSIS2
1. Job losses from Australia’s coronavirus shutdown will be ‘devastating’
Author: Anne Davies
The Guardian, 23rd March, 2020
https://www.theguardian.com/australia-news/2020/mar/23/job-losses-from-australias-
coronavirus-shutdown-will-be-devastating
Summary
The article speaks about the possible job losses in hospitality and entertainment industry
in Australia. Among largest employers in the hospitality industry in Australia, Crown Resorts is
in dilemma whether to lay off workers or stand them down with leaves or holidays. The
company employs around 18, 500 workers. Both the action have consequences if they lay off
then in future when they open again they will suffer from employee shortage as they have 4000
outlets that depend on these employees (Kickbusch and Leung 2020). The Australian Hotel’s
Association employs 250, 000 people and a shutdown of business would hurt the business as
well as the employees severely. As per the article, it is estimated that 1581 employment ions
already lost and consequently there is wage loss of around $1.3 million. Additionally, numerous
number of people employed in the entertainment sector like performing arts, television and many
more, who are in verge of job loss as well.
Reflection
Coronavirus is a contagious disease and it means that it will spread if there is more public
or social gathering. Places like gaming parlor, Movie Theater, restaurant and hotels are the
places where people from different places gather. Hence, possibility of spreading the disease

ARTICLE ANALYSIS3
from these area spread the most. Therefore, shutting down these places are the primary decision
for the government before going into complete lockdown. Shutdown of these places will result
into no revenue generation for the companies operating in this industry. Therefore, it will be hard
for them to keep workers in job for long time without any business. It is thus possible that
workers associated to the hospitality and entertainment industry go for lay off of workers if the
situation of coronavirus remains for long time (Binder 2020). It can be thus said that there will be
huge impact on the workers due to the outbreak of this contagious disease which is not just
taking people’s life but jobs as well. Hence, coronavirus is affecting both business and
employment sector of Australian economy.
2. Australia’s growth outlook dims as China’s momentum falters amid corona virus
outbreak
Author: Saheli Ro Choufdhury
CNBC, 27th February, 2020
https://www.cnbc.com/2020/02/27/coronavirus-outbreak-australia-economic-impact.html
Summary
The outbreak coronavirus has impacted economy of China and weakened its momentum
of growth. With fall in the business sector of China, it is obvious that its demand for good would
fall. The export sector of Australia is highly dependent on China since it is the largest trading
partner of Australia. In the article, it has been observed that in the December 2019 Australia’s
exports to China valued at 34% of the total export revenue earned from the concerned sector
(Ayittey et al. 2020). Additionally, many Chinese students study in Australia and due to the
outbreak they are returning homeland and thus the education sector is losing students. Further,