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An Australian economist said that the lockdown may be a “permanent” part of life until most of the population is vaccinated.
Economist Gareth Aird said that while Sydneysiders are worried about whether their lockdown measures will be reflected in the decline in Covid-19 cases, they may need to deal with restrictions that last much longer than expected .
Mr. Aird, the head of economics of CommBank Australia, told Australian Next week will be critical to determining whether the lock-out end date can be determined soon.
He said: “We will better measure whether a stricter lockdown will reduce the number of new Covid-19 cases per day in a way that means we can predict the end date of the lockdown.”
“If not, we may face the core scenario of the economy, that is, the lockdown in Greater Sydney will become a permanent feature before the undetermined vaccine threshold is reached.”
Governor Gladys Berejiklian continued to tout vaccines as the only real way out of the pandemic, and on Friday called on the federal government to support urgent vaccinations for people in western and southwestern Sydney.
She also warned that restrictions May stay until October, When it is expected that the majority of the population will be vaccinated.
“As I said yesterday, the challenge we face is to live as freely and safely as possible until we get enough vaccines,” she said.
“This means that, according to the federal (government) vaccination plan, we need to live as freely and safely as possible during August, September and October.”
136 new Covid-19 cases were announced on Friday, which is the highest number of daily cases since the outbreak began.
Although the Greater Sydney area has now been locked down for a month.
The entire Australian economy has been hit
Mr. Aird said that the closure of the construction industry and non-essential businesses in the Greater Sydney area, coupled with the blockades in Victoria and South Australia, will have a terrible impact on Australia’s GDP.
His earlier forecast of a 1.4% decline in GDP for the September quarter is now impossible, as is his forecast of a 0.7% economic contraction.
Mr. Aird believes that once the blockade ends, income support for businesses and workers is the best opportunity for Australia’s economic recovery.
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