Australian COVID-19 infections jump

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Australia’s COVID-19 infections jumped overnight, with 26 new cases recorded versus 11 yesterday:

Victoria recorded 15 new cases, the highest daily count since 27 September.

Nevertheless, Melbourne’s 14-day average fell to 10.6, still well above the magical 5 required to ease draconian restrictions on 19 October:

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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.