Economy should see a ‘strong comeback’ following Sydney’s lockdown

This comes as Australia’s economic recovery is set to be stalled by Greater Sydney’s protracted lockdown with predictions the economy will contract by around 0.7 per cent over the quarter.“Economists like myself have pretty positive outlooks on the Aussie economy, not expecting a lockdown in Sydney that could last seven weeks, that would cost the economy $7 billion.

“The quarter that we’re in now, it will be probably negative and as a consequence that’s a bit of a surprise to both business and consumer confidence. “But the interesting point we’ve found, once the lockdown is over, there is actually a very big rebound economic effect after it.”

The outbreaks won't get out of hand. Gladdy's doing a terrific job. Watch the news and you'll see.

Switzer you fool, it has gotten out of hand!

'Strong comeback' from a very low base? The question is when?

Sky news views from “contributors “ Economy first Wealthy LNP donors second. The rest of us third. covidnsw

The MAMON hasn’t left the building ,play on SAM again! The greed for money doesn’t built a country, The soul of the people needs a revival to look after one another with their head,heart and hands.The convicts were sent here to show what they can do ,not pilfer ,each other.

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Economic ‘pothole’: Banks, economists warn Sydney lockdown will hit GDP, employmentAnalysts are warning the Sydney lockdown will shrink the national economy and could leave thousands more unemployed, with some predicting the restrictions will be extended further. covid19 lockdown economy MorrisonLockdown MorrisonOutbreak MorrisonSh1tShow MorrisonFailure Take your pick, the buck stops with him and his appalling cabinet. Not failing to mention the Murdochification of politics that brought us here. TheMoneyOrYourLife Also, the sky is blue. ScottMorrisonMP JoshFrydenberg
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‘A pothole for the economy’: Lockdown saps Sydney’s confidenceThe Westpac-Melbourne Institute consumer sentiment index slumped 13.6 per cent in Sydney this month showing the city’s consumers are far gloomier thanks to the lockdown. We don't need a news article to tell us this. Our rumbling stomachs, from one meal a day, and our cold bodies from lack of affordable heating etc etc Tell us the truth of the aussie economy, regardless of JoshFrydenberg stupid grin. I am sure HE has a lot to smile about. and yet property keeps going up?
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