, COVID-19 Delta lockdowns will have a ‘significant’ impact on GDP: Morrison, The Nzuchi Times

COVID-19 Delta lockdowns will have a ‘significant’ impact on GDP: Morrison

, COVID-19 Delta lockdowns will have a ‘significant’ impact on GDP: Morrison, The Nzuchi Times

Prime Minister Scott Morrison says the current spate of lockdowns across Australia will have a “significant impact” on the nation’s GDP. Australia’s two largest cities, Sydney and Melbourne, are in an extended lockdown with close to 11 million people impacted by the restrictions. South Australia announced a snap lockdown yesterday. “What we’re seeing in this current quarter, you will, of course, see a hit to GDP because of the lockdowns,” Mr Morrison said. “That is impossible to avoid, and it is impossible to ignore.” However, Mr Morrison told reporters he retains faith in the “fundamentally resilient and strong” Australian economy. “You don’t get a million people back into work after the biggest pandemic the world has seen in 100 years and to do so ahead of almost every other country in the world if your fundamentals in your economy are not strong going into it.” “You will see, as we’ve already seen in the past, businesses come back and come back strongly, and hopefully pick up some lost ground.”

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