The Victorian Government is under pressure to lift restriction in regions without coronavirus cases, but Daniel Andrews says this would be a problematic exercise.
Inner-Melbourne’s economy couldbecause of the coronavirus pandemic, new data commissioned by the city says.
The modelling, which the City of Melbourne and the Victorian Government commissioned from PricewaterhouseCoopers, made projections based on stage 4 restrictions and assuming a “slow economic recovery” with public health measures in place into 2021. Compared to projections made before the pandemic hit, the data shows the City of Melbourne’s economic output could beThe modelling also shows there could be up toHowever, the City of Melbourne said this “worst case scenario” in job losses could be avoided with major economic stimulus and recovery plans."Melbourne was the economic powerhouse of Australia. The scale of the economic shock being felt across the central city is unprecedented.
"The modelling shows more than 22,000 jobs could be lost in our accommodation and food services sector this year alone."This new data shows that Melbourne needs urgent support from the Victorian and Australian Governments to support businesses and restore our marvellous Melbourne. "We are working closely with the State and Federal governments to secure further support for businesses and investment for the city's reactivation when it is safe to do so."
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