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Victoria’s lockdown will be $1b ‘whack’ to NSW economy – Brisbane Times

The shutdown of Victorian businesses will sap consumer and business confidence across the nation.

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The NSW economy is set to suffer a $1 billion hit due to the shutdown of businesses in Victoria, but the negative effects will be offset to some extent as economic activity shifts to NSW because of restrictions south of the border.
Key economic sectors in Victoria, including retail, construction and manufacturing, will be severely limited under sweeping measures announced on Monday by Premier Daniel Andrews to try and contain the spread of coronavirus.
Victorian Premier Daniel Andrews announce…

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