As a second coronavirus lockdown looms for NSW, industry leaders warn of economic crisis

  • 📰 abcnews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Business News News

Business Business Latest News,Business Business Headlines

A coronavirus cluster in Sydney's south-west is growing, but experts say putting Australia's largest economy into a second lockdown would be 'catastrophic'. Here’s why.

When most Australian cities were placed into lockdown earlier this year, the economic impact was swift, wiping about $1.2 billion in revenue from New South Wales retailers in April alone.

National Retail Association chief executive Dominque Lamb said another round of lockdowns could add significantly more pressure."The majority of our head offices sit in New South Wales," she said. "We are dealing with a health crisis but the economic crisis to follow these events is going to have a very long-term effect on all industry."Authorities are worried as coronavirus infections rise in Australia's two most populous states

"The recent adjustments down from [group bookings of] 20 people to 10 mean we've had to come down a little bit further which is fine — just remove some further furniture from the venue.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Deriving this headline from the statement 'an option we don’t want to take in New South Wales' is an outright lie. Are you upset at the praise Gladys has had this week versus the criticism for Andrews?

We all survived for thousands of years as there has been a vaccine programme running the whole time. It’s called, environmental absorption, eating and living well. Covid vaccine is nanochipping & DNA altering so we no longer operate effectively as all to fucking retarded to move.

Didn’t Glad bag say no lockdown?

Business Business Latest News, Business Business Headlines