Business
‘Delays will increase the chance of lockdowns’: McKell Institute warns of $1.4b hit to economy – Sydney Morning Herald
Failing to speed up the vaccination rollout could leave Australians facing up to 34 extra days under lockdown.
In a slower rollout scenario, in line with Germanys, the road map would be pushed back by 353 days and the economic cost could total $4.16 billion. At the US rate, there would be a 40-day delay, costing $472 million due to an expected extra 3.8 days of lockdown.
Federal Treasurer Josh Frydenberg last year said coronavirus-related restrictions on a national basis cost the Australian economy $4 billion a week. The McKell report averages official data for the cost of localised closures and assumes…
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