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Market Talk – June 2, 2021 | Armstrong Economics

Economic activity jumps 1 8% in March quarter

Impossible question to ignore as Melbourne endures more lockdown

Why Melbourne should recieve vouchers to help the hospitality industry

Mark Normoyle talking to customers at Luna s Food and Wine Bar in St Kilda. Source: supplied. As someone who has worked as a chef around Australia for almost 30 years, I have seen plenty of food venues come and go, both good and bad. But the impact of the pandemic is devastating and indiscriminate, leaving a trail of destruction across the entire hospitality industry. According to the Australian Bureau of Statistics, 78% of Australian hospitality businesses reduced staff working hours during COVID.  For an industry that engages around 8% of Australia’s workforce, the flow-on effects this has had for our society and economy are enormous. 

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