Victorian COVID cases dive

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Victoria has recorded another sharp fall in new COVID cases.

Over the past 24 hours, 1466 locally acquired COVID cases were recorded – down heavily from the peak of 1965 recorded on Saturday:

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Another eight deaths were also recorded.

The next chart shows the sharp fall in daily cases:

However, active cases continue to rise:

Most importantly, Victoria’s Reff is trending downward, now at 1.18, meaning cases should grow at a slower rate:

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Some brighter news for us locked-down Melburnians.

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.