Grattan: NSW and VIC can and must eliminate virus

Via Grattan today:

COVID-19 has killed 800,000 people worldwide. The spread of the virus that carries it, SARS-CoV-2, continues to increase. Victoria and NSW are now facing their largest challenges with community transmission. Australia’s response to these new challenges are as important as its swift and effective response in March.

This report outlines the health, social, and economic costs associated with three different scenarios: widespread COVID-19 infections, lockdowns, and low-level community transmission. It argues that Australia can minimise the costs to the community over time by taking steps to drive active COVID-19 cases down to zero, in line with the goal set by the National Cabinet in July.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.