Without question, the trauma and disruption from COVID-19 is seriously impacting Australia’s economy.
Balanced budgets are visions of the past. Borders have closed, and anyone coming from ‘outside’ is quarantined and viewed as ‘a potential carrier’. People are not allowed to go to other states or countries, and no one is interested in visiting exotic places on cruise ships!
Even after we’re all vaccinated and ‘feel safe’, we’ve been told to expect more ‘radical disruptions’ from externalities.
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