Australia’s major banks are projecting up to 300,000 Sydney jobs will be lost as a result of the protracted lockdown which is now tipped to conclude at the end of August.

It comes as prices for staples such as fruit, vegetables and petrol rise at double the rate of wages growth.

Today on Please Explain, economics correspondent Jennifer Duke joins Nathanael Cooper to discuss what this grim outlook means.

Australia&rsquo;s major banks are projecting up to 300,000 Sydney jobs will be lost as a result of the protracted lockdown which is now tipped to conclude at the end of August.
It comes as prices for staples such as fruit, vegetables and petrol rise at double the rate of wages growth.
Today on Please Explain, economics correspondent Jennifer Duke joins Nathanael Cooper to discuss what this grim outlook means.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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