General
Brisbane’s COVID lockdown tests the strength of businesses post-JobKeeper
Brisbane is locked down — a now-familiar routine for capital cities in Australia.
Key points:
- JobKeeper ended on Sunday March 28
- Businesses in Brisbane are hopeful they can get through the three-day lockdown without financial stress but are worried about a longer lockdown
- Brisbane currently has the highest unemployment rate of Australasia’s biggest cities
But it is also in an uncomfortable experiment, the first city suffering severe pandemic restrictions since the economy-saving JobKeeper program wound up earlier this week.
“If Brisbane’s snap lockdown (or any other) turns out to be long, then the government may have to consider reinstating JobKeeper or something similar for areas affected,” AMP Capital chief economist Shane Oliver…
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