Australian PM Morrison: Victoria's stage 4 lockdown to reduce size of economy in Q3 by $7- $9B

Speaking on the estimation of the new restrictions on Victoria, Australian Prime Minister (PM) Scott Morrison said the Treasury had estimated Victoria's stage 4 lockdown would reduce the size of the economy in the September quarter by between $7 billion to $9 billion. 

Additional comments

“Unemployment is expected to peak at about 10%.”

“The effective unemployment numbers will be between 250,000 and 400,000.” 

“Encourage people to speak about their mental health, especially during the pandemic.”

 more to come ....