Non-essential retail stores in Melbourne will shut at midnight tonight 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 modeling 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.