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AlphaBeta’s latest weekly consumption tracker listed travel as among the hardest hit sectors of the Australian economy, with expenditure down 84% from ‘normal’ levels:
It’s no surprise that within the travel industry, airlines are the hardest hit owing to the COVID-19 lockdown.
Yesterday, Sydney Airport reported that its passenger numbers were down 97% so far in April when compared to the same time in 2019.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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