December 3, 2022

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Australia coronavirus – Sydney and Victorian lockdowns will cost the country $10bn

1 min read

An ICYMI on a report from KPMG, the consultancy estimate up to 1.5% will be stripped from GDP  growth in Q3

  • based on shutdowns of 40 days across Greater Sydney and 10 days in Victoria
  • cost being mainly copped by private businesses and privately employed workers

Add this in to the projections for an economic slowdown from, for example:

Sydney and Melbourne are Australia’s largest and second-largest cities (by far) in Australia’s largest and second-largest states (by population). 
An ICYMI on a report from KPMG, the consultancy estimate up to 1.5% will be stripped from GDP  growth in Q3

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