As Sydney prepares for its extended lockdown of at least another two weeks, businesses and workers impacted by the restrictions have welcomed the jointly-funded financial life line ...from the New South Wales and Federal Governments.
According to the Commonwealth Bank of Australia the damage to the national economy is forecast to be around one billion dollars for each week that the lockdown lasts.
But the bank's Chief Economist is predicting spending will bounce back quickly when restrictions are eased.
The impact on workers has been addressed by the upgraded package, but Unions say the provisions don't go far enough to protect job security.
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