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‘Reality check’: Why a vaccine won’t fix Australia’s recession – Yahoo Finance Australia
Australia’s economy will drag well after a virus is found, a health economist has declared.
The damage done to Australias economy which is now in an official recession will not be cured by a vaccine to the virus, according to a health economist, with the economic fall-out to be felt for years to come.
Social distancing rules, travel restrictions, high unemployment and low levels of consumer confidence will stick around, leaving the tourism, university, art and entertainment sectors crippled for a long time yet, said Macquarie University Centre for the Health Economy senior research f…
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