![](https://cdn.mamamia.com.au/wp/wp-content/uploads/2020/05/21161828/economy-WF.jpg)
The consequences of the coronavirus pandemic have been catastrophic, to say the least.
An economic crisis has unfolded alongside a health crisis, and economic experts are certain we are now entering a recession.
Australians have lost jobs, incomes have decreased, and consumer spending is down.
But beyond the record unemployment rates, how will the economic impact of COVID-19 seep into our day-to-day lives?