The coronavirus economic crisis has hit different sectors of business in very different ways - ABC News

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A run on cake racks has kept them afloat, but this business, like many others, fears what is to come

Cake racks will forever remind Subiaco homewares store owner Jill Dallimore of the coronavirus period."We've had three stock turns of cake racks in the last few weeks and that's just unheard of," she said.

"February, March, April is wedding and engagement time and we have a lot of customers that come in here and buy big-ticket items — expensive cast iron saucepans, $200 saucepans and $100 decanters — and that's just not happened for us," she said. "If we'd had to close I don't know how we would have come back, but thankfully we don't have to consider that."

But Daniel Kiely, a principal research fellow at the Bankwest Curtin Economics Centre, feared the Federal Government's JobKeeper program could be masking the full extent of the economic damage done by COVID-19 to many sectors. "You're going to have very weak household growth, consumption, growth and confidence in the household sector."An hour north of Perth, at the not-for-profit Gravity Discovery Centre and Observatory, 10 of the 14 staff are being paid by the JobKeeper scheme.

"The bulk of our business comes from Perth and surrounds, so once those borders were shut there was no point being open," she said.Ms Devlin said prior to the pandemic, the centre was on the up.

 

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Why does the keep saying there is worse to come. Bloody scare mongering CoronaVirusUpdate coronavirusaustralia coronavirusaus auspol2020

In a few months after all the cakes and bread have been consumed, it will be good to own a diet company

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