How will the Melbourne lockdown affect the economy?

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 How will the Melbourne lockdown affect the economy?
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Summary

  • Victorian Premier Daniel Andrews has extended Melbourne’s lockdown by another week.
  • Yesterday, Victoria recorded 20 newly acquired COVID-19 cases from 41,571 test results.
  • The federal government said the country would reopen again once 70% of the entire adult population had been fully vaccinated. The 70% vaccination target would also prevent further snap lockdowns.

As COVID-19 cases continue to rise in Melbourne, Victorian Premier Daniel Andrews has extended Melbourne’s lockdown by another week.

Andrews announced on Wednesday morning that if restrictions were eased now, Melbourne could potentially face the type of outbreak currently being experienced in Sydney.

The new lockdowns in Melbourne coincide with Sydney reporting 263 new cases – a record number since the Delta variant entered into the community in June.

Source: © Davidhewison | Megapixl.com

New South Wales’ lockdown isn’t limited to Sydney, however, as Premier Gladys Berejiklian ordered the lockdown of the Hunter Valley region, consisting of around half a million people.

Berejiklian added that five more people had died of the coronavirus, and of those five, four hadn’t been vaccinated.

DO READ: Australia set for Moderna rollout next month: Here’s what you should know

The Breakdown

Yesterday, Victoria recorded 20 newly acquired COVID-19 cases from 41,571 test results.

Of the 20 newly acquired cases, 15 are linked to current outbreaks, and 14 have been in quarantine throughout their infectious periods.

Leading experts have said there shouldn’t be an easing of restrictions until Victoria has recorded single-digit COVID-19 numbers.

The latest lockdown extension follows last week’s lockdown, which was implemented in Melbourne last week. On Thursday, Victoria recorded six cases, but that number increased over the weekend, with 29 recorded cases by Saturday.

Although the numbers dropped following the weekend spike, Victoria recorded 20 new cases on Tuesday.

Specifically, 25 COVID-19 cases are linked to the Caroline Springs Square Shopping Centre, while Victorians who visited the shopping center are being urged to come forward for testing.

Authorities say at least 10 of the 20 cases reported on Tuesday have been linked to the Caroline Springs Square Shopping Centre.

COVID-19 lockdown impact on the economy

The lockdowns both last year and this year have had a harmful impact on Australia’s economy. In particular, the tourism industry, one of Australia’s largest industries, has been adversely affected while retail is also suffering.

Last week, the federal government said the country would begin to reopen once 70% of the adult population had been fully vaccinated. The 70% vaccination target would also prevent further snap lockdowns.

RELATED ARTICLE: COVID-19 development: Australia to vaccinate most adults by the end of the year

Prime Minister Scott Morrison has come under fire over the slower-than-expected rollout of the Covid-19 vaccine.

Source: © Kovop58 | Megapixl.com

The vaccine rollout has been slow, with only enough doses to cover 25% of the population having been administered thus far.

The vaccine delays have made the Australian community increasingly vulnerable to the Delta variant.

ALSO READ: Crude oil marks worst run in four months as COVID-19 hits demand outlook  

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