Victoria’s second lockdown could cost $1 billion a week, risking the nation’s economic recovery, according to Treasurer Josh Frydenberg.
In May, Mr Frydenberg told the National Press Club the economy would suffer a $4 billion hit for every extra week the lockdowns remained in place.
Treasurer Josh Frydenberg said Victoria’s second lockdown poses a real risk to the nation’s economic recovery. Picture: Lukas Coch/AAPYesterday, Victorian Premier Daniel Andrews touched on the looming economic disaster in a press conference. “I had a conversation with the Prime Minister … I am confident that the Prime Minister knows and understands that there will be different forms of hardship in different parts of the country, different industry, different sectors,” he said.
“That may well be, given our circumstances, that may well be of additional benefit because we have additional need now and of course into the future.”
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