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 News23 hours agoTributes for father Braiden Timmins and son Hendrix-hemi killed by ute in Regents Park, south of Brisbane
-
Noosa News18 hours agoUrgent warning to locals as multiple crews battle major industrial fire at Rocklea in Brisbane’s south
-
Noosa News23 hours agoInvestigation underway after man found dead on Fitzroy River in Central Queensland
-
Noosa News23 hours agoMurder accused behind bars after body found at suburban park Slacks Creek, south of Brisbane