Sydney’s lockdown cost revealed as $257 million per day

Daily Telegraph –

Lockdowns in Sydney and other major cities are costing Australia $2.8 billion per week and threatening to undo Australia’s economic recovery, according to new analysis by EY commissioned by the Business Council of Australia.

In a landmark new report, “Be smarter about managing the virus,” the BCA found that lockdown losses are most heavily concentrated in NSW, costing $257 million each day, and recommends that Australia take a more targeted approach to fighting coronavirus outbreaks.

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