Health
Hard and early lockdown is best strategy – The West Australian
Almost $1 trillion in damage to the economy and 30,000 deaths could have been the toll in Australia had a hard lockdown not been imposed last year.
Locking down hard and early is the right strategy for dealing with COVID-19 outbreaks in terms of health and jobs, a new study shows.
The research published in international journal PLOS One on Saturday found an early eight-week national lockdown in Australia had cost $52 billion, or about three per cent of GDP.
But with no suppression measures, the welfare and hospitalisation costs as a percentage of annual GDP would have ranged from 13.1 per cent ($263 billion) to 47.9 per cent ($956 billion).
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