Please Explain podcast: Closed for business, the cost of Victoria’s lockdown

Non-essential retail stores in Melbourne shut at midnight on Wednesday as part of the city’s stage four COVID-19 lockdown. The move is expected to lead to 250,000 workers being stood down.

The harsh measures have shattered hopes of a swift economic recovery, with independent modelling showing Victoria’s state government debt ballooning to $60 billion next year.

In this episode, national editor Tory Maguire is joined by economics correspondent Jennifer Duke to discuss the ripple effect the Victorian lockdown is having on businesses.

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