Spend more, governments urged, as Victorian restrictions drag down national economy

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The RBA and the IMF have both urged governments to keep spending to minimise the growing economic impact of Victoria's stage four lockdown | JennieDuke swrighteconomy

about whether Australia should adopt a New Zealand-style elimination strategy, involving tougher upfront restrictions, rather than a suppression strategy with ad hoc shutdowns as outbreaks occur.

KPMG estimates the Victorian lockdown will result in $830 million in lost output in August and another 130,000 workers out of work because they are in jobs unable to be worked from home such as manufacturing and construction. "Ultimately, there are going to be doomsayers out there saying going into stage four restrictions is going to create a huge amount of economic disruption," Dr Rynne said.

COSBOA chief executive Peter Strong says small businesses will need more assistance because of the shutdown in Victoria.Council of Small Business Organisations Australia chief executive Peter Strong said elimination was a worthy aim, but questioned whether it was achievable with suppression remaining "the main view of members".

"Until a vaccine is available, and without closing Australia's borders indefinitely, suppression is the only option and that requires governments to rapidly improve infection control and contact tracing," Mr Guerra said.

 

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JennieDuke swrighteconomy Usurious banking cartel urging governments to further enslave its citizens to perpetual debt.

JennieDuke swrighteconomy Is that the RBAs solution? Ok!!!

JennieDuke swrighteconomy How? The VicGovAu has bankrupted both financially and morally.

JennieDuke swrighteconomy The RBA and IMF showing their true worth with useless comments like this. Of course every bloody government needs to spend. The world collapses without stimulus. Central banks created this monster a decade ago.

JennieDuke swrighteconomy The IMF has a terrible track record and zero credibility!!

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Source: abcnews - 🏆 5. / 83 Read more »

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Victorians who repeatedly breach coronavirus restrictions to face $20,000 finesVictorian Premier Daniel Andrews announces tough new penalties for people who fail to self-isolate when required, as the state records 439 new coronavirus cases and 11 further deaths, all of which are linked to aged care. What's the fine for hiring bad security guards Gotcha It's a 40,000 pay increase Dictatorship Good.
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Government flags harsher penalties for breaching COVID-19 restrictionsPolice on Sunday issued the largest number of fines in a 24-hour period since Victoria's second lockdown began, as the Premier warned harsher penalties for flouting restrictions would be unveiled on Tuesday. Where's DanAndrews penalty for completely falling of the fence ... Vic is getting to be more draconian n punitive when warning is appropriate They have a millions of sanctions in the books from jay walking to tossers As a society prescriptive fines r ruining freedom n life this looks and sounds like something out of hitler's nazi germany in the 1930s, that is what you expect from dictator dan and his gestapo
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