The Victorian coronavirus outbreak will set back Australia's economic recovery, Reserve Bank governor Philip Lowe has warned, saying it is unlikely the economy will start growing until the final three months of the year.
The government and RBA had, before the outbreak in Victoria, been expecting a lift in the September quarter after a deep fall in activity through the June quarter. "Given the outlook I discussed earlier, these conditions are not likely to be met for at least three years," he said.Dr Lowe said it was clear ongoing government support for the economy would be needed.
swrighteconomy JennieDuke Einstein!
swrighteconomy JennieDuke And if land banks released more would that stimulate building as it would become cheaper for home ownership?
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Victorian outbreak hits recovery as RBA says rates steady for three yearsBREAKING: The Victorian coronavirus outbreak will set back Australia's economic recovery, the RBA has warned, as it signals official interest rates will remain steady for three years. No, it’s the response that will do that! Dan Andrews implementing a police state did that! Stop lying. No. Really Breaking: Water is wet. The warnings ... the warnings ...
Source: theage - 🏆 8. / 77 Read more »
Victorian outbreak hits recovery as RBA says rates steady for three yearsBREAKING: The Victorian coronavirus outbreak will set back Australia's economic recovery, the RBA has warned, as it signals official interest rates will remain steady for three years. No, it’s the response that will do that! Dan Andrews implementing a police state did that! Stop lying. No. Really Breaking: Water is wet. The warnings ... the warnings ...
Source: theage - 🏆 8. / 77 Read more »
State takes over three aged-care homesThe state has taken over three Melbourne nursing homes as volatile coronavirus outbreaks continue to wreak havoc in Victorian aged-care facilities. If the government took this virus seriously, why were people with the virus ever allowed to remain in a nursing home? Our nursing homes don't have the ability to deal with this virus, everyone knows that. . . . and thats the way the state/fed relationship should work Now we just need to take over the useless Victorian Government
Source: newscomauHQ - 🏆 9. / 77 Read more »
Two COVID-19 clusters in regional Victoria identified as key outbreaks of concernThe Victorian Opposition is calling for stricter controls on the movement of Melburnians into regional Victoria, as concern about COVID-19 outbreaks in several cities grows. GET A GRIP! Please stay out of regional Victoria and, if you're here, don't move about. Thanks to everyone who's keeping us safe. The opposition wants greater restrictions placed on Melbournians to stop them from travelling to regional towns? Not paying attention to the 5km rule that's already in place? The tool.
Source: abcnews - 🏆 5. / 83 Read more »
Homes and social settings linked to thousands of Victorian coronavirus cases since JuneA significant proportion of Victoria's coronavirus outbreaks during the state's second wave are in social and home settings, while abattoirs and warehouses remain some of the workplaces hardest hit by the virus. only reason is because one person gets infected at work and gives it to their household. Abboitoirs, aged care, healthcare and returning travellers were high risk areas and all they had to do was stop importing the virus- & then prepare with good PPE (Something still not avail)
Source: abcnews - 🏆 5. / 83 Read more »
Daniel Andrews knew his words were false when he ‘lied to Victorians and parliament’ | Sky News AustraliaVictorian Opposition Leader Michael O’Brien says Daniel Andrews lied to Victorians and parliament over defence force support and the Premier knows for a fact “his words were completely false”.\n\n“I don’t make that charge lightly,” Mr O’Brien told Sky News.\n\nPremier Andrews has claimed his government did not receive any offer of ADF support by the federal government to assist with hotel quarantine, despite claims to the contrary.\n\n“Yesterday Daniel Andrews lied to the people of Victoria and he lied to the parliament,” Mr O’Brien said.\n\nHe pointed to two examples which highlight how the premier knew he was misleading the public.\n\n“He’s a member of the National Cabinet, and the National Cabinet’s decision on hotel quarantine said that ADF support would be available,” he said.\n\n“Second, in his own press statement, when Daniel Andrews announced Victoria’s arrangements for hotel quarantine, in his own statement he said it has also been agreed that the ADF will be engaged to support the implementation of these arrangements.\n\n“Daniel Andrews is just desperately trying to avoid responsibility for his government’s response, for the failures of hotel quarantine which have led to Victoria’s second wave, countless deaths, countless jobs lost, and Victorians in lockdown.”\n\nImage: Getty michaelobrienmp DanielAndrewsMP He is spot on. Labor will be wiped out in Victoria by the silent majority michaelobrienmp DanielAndrewsMP I didn’t know there was an opposition in VIC. Well today is a school day michaelobrienmp DanielAndrewsMP Victorian Opposition Leader michaelobrienmp needs to zip it and let the govt get on with the job if he's not going to make positive contributions himself. His constant politicizing just shows a blatant disrespect for the Victorian people.
Source: SkyNewsAust - 🏆 7. / 78 Read more »