The lockdowns of Sydney, Perth and Brisbane are likely to cost the economy $2.5 billion with businesses demanding the federal government dramatically ramp up vaccine deliveries or face the demise of countless mum-and-dad operations across the country.
“The idea you can keep going like this for another two years is very difficult for business to get their mind around,” she said. “There’s got to be a reward for being vaccinated, there’s got to be a benefit for being vaccinated,” she said. Australian Retailers Association CEO Paul Zahra says nationally consistent lockdown rules are now required.AMP Capital chief economist Shane Oliver said the cumulative cost of the current lockdowns would be at least $2.5 billion.“While we estimate a hit to economic activity from the Sydney lockdown alone of about $2 billion if it’s contained to two weeks, much of that will likely be recouped upon reopening,” he said.
swrighteconomy And how much money are people saving by being in lockdown? Cost for one, savings for another. Poor journalism.
swrighteconomy Send the invoice to China, oh wait Australia is a Chinese colony. Tough luck then mate
swrighteconomy The lunacy, future generations will shake their heads.