Deloitte: Victoria faces a long road back to economic recovery

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From Deloitte Access Economics’ Weekly Economic Briefing:

Monday was a milestone day for Victoria, with the state recording its first day of zero COVID cases since early June. And with the passing of that milestone, the state announced the loosening of a raft of restrictions, allowing retail and hospitality to reopen from midnight tonight, and limits on gatherings eased.

After 15 weeks in lockdown, Victoria can finally take its first steps on its road to recovery.

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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.