Nation bracing for economic impact of Victorian shutdowns
The national business community is bracing for a kick to the economy after Melbourne fell into stage 4 restrictions.
The federal government is introducing a $1500 disaster payment for those who don’t have sick leave and have to self-isolate due to COVID-19.
States who declare a state of disaster will be able to access the payment.
Australian Industry Group Chief Executive Innes Willox told Deborah Knight thousands of businesses won’t recover.
“That’s almost a given.
“A lot of small businesses are standing at the end of the cliff.
“[The shutdown] is going to impact on the country most dramatically.
“We’re going to see massive unemployment, not just in Victoria, but across the country.”
Click PLAY below to hear the full interview