Omicron wave continues to recede
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NSW Health recorded another 11,807 COVID cases over the past 24 hours, alongside 27 deaths:

Victoria recorded 14,553 cases and 25 deaths:

Daily deaths across both jurisdictions, which are plotted since the beginning of last year’s Delta wave, are trending lower:
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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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