Economy must keep momentum going until COVID-19 vaccine | Sky News Australia

Australia News News

Economy must keep momentum going until COVID-19 vaccine | Sky News Australia
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

We have to live with the coronavirus for a long time so we must find a way of living with it while keeping the momentum going within the economy, Business Council of Australia CEO JAWestacott says.

We have to live with the coronavirus for a long time so we must find a way of living with it while keeping the momentum going within the economy, Business Council of Australia CEO Jennifer Westacott says. “General consensus is we are two years away from a vaccine,” Ms Westacott told Sky News. “We have to learn from what mistakes have been made and so we have to put in place the systems.

“Whether it’s quarantine, border control or local lockdowns. A recent spike in cases in Victoria has forced states to close borders, which has heavily affected businesses around the economy. Victoria also accounts for almost 30 per cent of national GDP. “We cannot eliminate this without a vaccine, therefore we have to get the systems right to manage these local outbreaks which will happen. “Then businesses can plan, and people can plan their own lives.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Media Watch the most expensive 15 minutes of TV produced in Australia’: Kenny | Sky News Australia‘Media Watch the most expensive 15 minutes of TV produced in Australia’: Kenny | Sky News AustraliaIt is a “national scandal” to employ about 10 people and place ABC host Paul Barry on a full-time salary of $200,000 to produce the 15-minute Media Watch show each week, according to Sky News host Chris Kenny.\n\n“It is the most expensive 15 minutes of tv produced in this country each week”.\n\nHowever, Mr Kenny pointed out the Media Watch debacle “tells us a lot about the self-indulgent environment at the national broadcaster”.\n\n“They are entitled, they are well paid, they have permanent tenure, they have taxpayer-funded platforms and they are not afraid to use these privileges to ask for more”.\n\nImage: News Corp Australia
Read more »

Coronavirus treatment approved for use in Australia | Sky News AustraliaCoronavirus treatment approved for use in Australia | Sky News AustraliaThe first treatment option for coronavirus has been approved for use in Australia. \n\nThe Therapeutic Goods Administration announced Remdesivir could be used for those suffering severe infection. \n\nThe drug was originally developed for Ebola but was ineffective.\n\nThe drug has been shown to reduce time spent in hospital for coronavirus patients. \n\nThe TGA however warned the drug had not been proven to prevent infections or help in milder cases.
Read more »

Remdesivir COVID-19 drug approved for use in Australia | Sky News AustraliaRemdesivir COVID-19 drug approved for use in Australia | Sky News AustraliaCoronavirus trial drug Remdesivir has been approved for use in Australia as Victoria registers 216 new cases overnight.\n\nDeputy Chief Medical Officer Dr Nick Coatsworth welcomed the news for those suffering from 'moderate to severe coronavirus disease' but said it was Australia's skilled doctors and nurses that was the best news.\n\n'We have amongst the world's leading intensivists; the world's leading critical care nurses. We have worked to bolster their capacity through extra ventilators, through extra beds and through upskilling registered nurses,' he said.\n\n'Given there are only 16 patients who are in ICU Australia-wide, we are well within that capacity.\n\n'We're satisfied the current stockpile in Australia will be enough for the coming weeks based on the numbers in Victoria at the moment.' \n\nImage: News Corp Australia\n\n
Read more »

Victorians 'just want answers, honest answers about what's going on' | Sky News AustraliaVictorians 'just want answers, honest answers about what's going on' | Sky News AustraliaFormer Labor Senator Stephen Conroy says the people of Victoria 'just want answers, honest answers about what's going on'. \n\nAn inquiry into Victoria's hotel quarantine system is due to start on July 20, but has received criticism for not having the power to compel testimony. \n\nMr Conroy told Sky News on Saturday he believed the inquiry would get to the bottom of the issues, despite not having powers of compulsion. \n\n'I can't imagine a state minister or a state public servant would not want to answer the questions, and if one of the companies involved try and avoid answering a question I think they would be placing themselves in commercial difficulty going forward as a company,' he said. \n\nMr Conroy compared the hotel quarantine debacle in Victoria to the Ruby Princess cruise ship fiasco in New South Wales and urged everyone involved to be transparent so 'the problems are identified and fixed so it doesn't happen again'. \n\nImage: News Corp Australia
Read more »

Victoria records 23rd death and 216 new coronavirus cases | Sky News AustraliaVictoria records 23rd death and 216 new coronavirus cases | Sky News AustraliaVictorian Premier Daniel Andrews has warned the coronavirus outbreak is 'likely to get worse before it gets better' as he revealed a man died from the virus overnight, bringing the state's death toll to 23. \n\nMr Andrews confirmed another 216 new cases of coronavirus were recorded in the past 24 hours.\n\n'We will see more and more additional cases,' he said. \n\n'Steps we've taken this week as a Victorian community won't be reflective until next week and the week after.' \n\nThere are 49 Victorians being treated for the virus in hospital, 15 of whom are being treated in intensive care.\n\nImage: News Corp Australia
Read more »

'Everyone's very nervous' about stimulus cut off date in September | Sky News Australia'Everyone's very nervous' about stimulus cut off date in September | Sky News AustraliaREA Group Chief Economist Nerida Conisbee says “everyone’s very nervous” about September when a series of stimulus packages come to an end including JobKeeper and a freeze on mortgage payments. \n\n“For now, we’re not seeing any extreme distress in the property market but there will be a lot of people who are feeling quite stressed, particularly if they’ve got a property and they’ve lost a tenant or are not receiving any rental payments,” she said. \n\nMs Conisbee also urged homeowners who were still employed and able to pay off their loans, to keep doing so while interest rates were low. \n
Read more »



Render Time: 2025-04-01 05:10:57