The economic cost of a lockdown in a major Australian city is estimated to be nearly $1 billion a week.
Lockdowns are crippling the economy, and the small business community is taking a disproportionate hit.
A report published by the Australian think tank, Grattan Institute Race to 80: our best shot at living with COVID, has explained how the country could exit lockdown.
Brendan Coates is the Economic Policy Program Director at Grattan Institute.