Victorian stage 4 coronavirus restrictions could grow unemployment rate to 11 per cent – ABC News

Victoria’s unemployment rate is expected to reach 11 per cent as a result of stage 4 coronavirus restrictions, with Treasury forecasts based on the assumption some form of stay-at-home orders will be in place until at least the end of September.
Key points:

• The Treasury secretary says economic forecasting is “very difficult”, but it is expected stage 3 restrictions will be in place by the end of September
• Women and young workers are the hardest hit by coronavirus job lossesClick here to view the original article.