International student losses set to punch $18 billion hole in economy
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The loss of hundreds of thousands of international students to Australia’s strict border closures will punch an $18 billion hole in the economy, as the Morrison government warns universities to be less reliant on foreign fees in the wake of COVID-19.
Research commissioned by
The Sunday Age has shed fresh light on the devastating economic impact of coronavirus, particularly in Melbourne’s CBD – which has lost almost half of its student population since December 2019 – and in education hubs in the outer suburbs such as Clayton, Box Hill and Springvale.
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