'Losses in excess of $1 billion in sales foregone' if Vic lockdown lasts seven days
Economist Saul Eslake says business groups have estimated there could be losses "in excess of a billion dollars in sales foregone" in Victoria if the lockdown lasts seven days. "There's an additional difficulty this time around in that we don't have JobKeeper to support small businesses keeping their employees on and those who do lose their jobs won't have as high JobSeeker payments they were receiving in previous lockdowns," he said.
About Saul Eslake
Saul Eslake is an Australian economist, commentator, and public speaker. He is the principal of Corinna Economic Advisory, and previously was the Chief Economist at the Australia & New Zealand Banking Group between 1995 and 2009, and the Chief Economist for Bank of America Merrill Lynch (Australia and New Zealand) between 2011 and 2015.
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