Closed for business: the cost of Victoria's lockdown
Podcast |
Please Explain
Media Type |
audio
Categories Via RSS |
Business
Daily News
Government
News
Society & Culture
Publication Date |
Aug 05, 2020
Episode Duration |
00:12:31
Non-essential retail stores in Melbourne will shut at midnight tonight as part of the city’s stage four COVID-19 lockdown. The move is expected to lead to 250,000 workers being stood down. The harsh measures have shattered hopes of a swift economic recovery, with independent modeling showing Victoria’s state government debt ballooning to $60 billion next year. In this episode, national editor Tory Maguire is joined by economics correspondent Jennifer Duke to discuss the ripple effect the Victorian lockdown is having on businesses. See omnystudio.com/listener for privacy information.

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