Treasury experts just spent weeks carefully considering how long coronavirus will have the country on its knees. This is what they can tell us about the COVID timeline.
But what if there is no vaccine?Under that, it is assumed that about 25 per cent of the national economy would be constrained by "severe containment measures" put in to control rolling outbreaks.
The effect of further lockdowns would be wide, with consumer confidence taking a big knock and spending dropping massively. Until a vaccine is fully available, general social distancing restrictions are expected to remain, and there are likely to be different rules across the states and territories.The Government expects all domestic borders to open by the end of the year, with the exception of WA.
International arrivals and departures are not forecast to pick up much during next year, with a gradual recovery to begin from 2022.
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