Business
Victoria’s lockdown inflames ‘catastrophic’ recession – Yahoo Finance Australia
The strict new lockdowns in Victoria will make Australia’s recession sting for “years to come,” experts have said.
The second wave of coronavirus cases in Victoria will see Australias economic recovery set back by at least the end of the year, experts have said.
According to AMP Capital chief economist Shane Oliver, the severe lockdown in Victoria will see Australias recession likely run for three consecutive quarters.
We estimate roughly a $12 billion hit from the lockdowns in Victoria up from the $5 billion hit that would have come from just the level 3 lockdown for Melbourne. This will knock around 2.5 …
-
Noosa News22 hours ago‘Stranded’ Eddie the echidna thought to have swum from Bribie Island’s broken tip
-
Business12 hours agoAre your superannuation fees too high? APRA reveals latest industry medians
-
Business12 hours agoTop brokers name 3 ASX shares to buy next week 25 May 2025
-
General22 hours agoZoe Daniel calls for election recount in Goldstein after final count gives Liberal Party’s Tim Wilson 260-vote lead