Could Sydney lockdown move from a bump to a “u-turn” for economy and spark recession? - Monday Finance with Peter Ryan

The lockdown in greater Sydney - now expected to run at least another month - continues to savage the New South Wales economy and now looks certain put a deeper than expected hole in Australia's economic rebound.

Economists still think a "technical" recession can be averted - that's two consecutive quarters of negative growth.

EY Oceania chief economist Jo Masters sees 35 million hours lost per week and a $2.8 billion weekly hole from the national shutdowns.

But there's no doubt that despite the technical definition there's real pain in households with many workers distressed about their future.

Here's my analysis from RN Breakfast with Fran Kelly