How Melbourne’s six-week lockdown will cost economy $6billion, delay Australia’s COVID-19 recovery

How Melbourne’s six-week lockdown will cost economy $6billion, delay Australia’s COVID-19 recovery

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Melbourne’s six-week lockdown will do significant damage to Australia, draining an estimated $6billion from the national economy and hurting an already fragile employment market. Banking giant Westpac now fears unemployment will surge unless the federal government doubles the nation’s debt levels and┬áspends another $24billion to extend the JobKeeper wage subsidies until June 2021. Victoria recorded
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