Monday, December 21, 2020

Monday Finance with Peter Ryan - Sydney virus outbreak threat to economic recovery

Just when the economy looked like turning the corner after the pandemic-induced recession, the lockdown on Sydney's northern beaches is raising new fears about tougher restrictions returning as states protect themselves from the virus. 

Australian Industry Group chief executive Innes Willox says even before the outbreak, businesses were on edge about a tough year ahead especially with JobKeeper ending in late March. 

Mr Willox tells ABC's Peter Ryan that additional lockdowns would be disastrous for the economic recovery.

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