Business
‘Delays will increase the chance of lockdowns’: McKell Institute warns of $1.4b hit to economy – Sydney Morning Herald
Failing to speed up the vaccination rollout could leave Australians facing up to 34 extra days under lockdown.
In a slower rollout scenario, in line with Germanys, the road map would be pushed back by 353 days and the economic cost could total $4.16 billion. At the US rate, there would be a 40-day delay, costing $472 million due to an expected extra 3.8 days of lockdown.
Federal Treasurer Josh Frydenberg last year said coronavirus-related restrictions on a national basis cost the Australian economy $4 billion a week. The McKell report averages official data for the cost of localised closures and assumes…
-
General18 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General15 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News19 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
General13 hours agoLecornu explains reappointment as French prime minister