An ICYMI on a report from KPMG, the consultancy estimate up to 1.5% will be stripped from GDP growth in Q3
- based on shutdowns of 40 days across Greater Sydney and 10 days in Victoria
- cost being mainly copped by private businesses and privately employed workers
Add this in to the projections for an economic slowdown from, for example:
Sydney and Melbourne are Australia’s largest and second-largest cities (by far) in Australia’s largest and second-largest states (by population).