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Sydney's lockdown could become 'permanent' until widespread vaccination businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
Swati Pandey 1/2 View of a construction site for a train station on the Sydney Metro, Australia July 22, 2021. REUTERS/Sam Holmes Read More SYDNEY, July 22 (Reuters) - In Australia s largest city, construction has come to a standstill for the first time in living memory as a surge in COVID-19 cases puts Sydney under its toughest lockdown since the pandemic began. Tradespeople are out of work, with a knock-on effect seen on other sectors including retailers and cafes, as the Delta variant of the coronavirus darkens the outlook for Australia s $1.5 trillion economy, one of the few to have successfully navigated the pandemic in 2020. ....
Delta winter puts the economy on a knife-edge afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
MacroBusiness Access Subscriber Only Content at 2:30 pm on July 22, 2021 | 7 comments In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Chief Economist Leith van Onselen, Head of Investments Damien Klassen, and Head of Advice Tim Fuller are joined by CBA’s Head of Australian Economics, Gareth Aird to discuss Australia’s Remarkable Jobs Recovery. Topics covered: Tightest job market in decades. Drivers: Stimulus and closed borders. How low can unemployment go? And will it translate into higher wage growth? Will current lockdowns ruin the rebound? Implication for monetary policy. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. ....
MacroBusiness Access Subscriber Only Content By Gareth Aird, head of Australian economics at CBA The level of uncertainty over economic outcomes in the near term has further increased over the past week because of additional lockdowns around the country, lockdown extensions and a tightening of restrictions in Greater Sydney. The absence of any downward trend in the number of daily new COVID-19 cases active in the community in Greater Sydney means it is not yet possible to forecast an end date to the lockdown. Income support to businesses and workers negatively impacted by the lockdowns remains critical to ensuring a strong economic rebound once restrictions are eased. ....