Business
Australia’s closed border is costing the economy $36.5 million a day – The Conversation Australia & New Zealand
To calculate the cost of Australia’s closed border, we’ve focused on estimating losses from international tourists and students.
Australia doesnt expect to reopen its international borders until well into 2022.
The border has been closed since March 2020. That decision has been instrumental in the nation containing COVID-19, but there are big social and economic costs.
The social costs of families separated, of students and others losing their jobs but being denied government assistance and so on are hard to quantify.
But weve done our best to calculate some of the economic cost. By our reckoning every day the borders…
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