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Australia loses two domestic routes for every new one

Australia loses two domestic routes for every new one
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Closed border is costing the Australian economy $36 5 million a day, economists warn

Australia s closed border is costing the economy $36 5 million a day

Australia doesn’t expect to reopen its international borders until well into 2022. The border has been closed since March 2020. That decision has been instrumental in the nation containing COVID-19, but there are big social and economic costs. The social costs – of families separated, of students and others losing their jobs but being denied government assistance and so on – are hard to quantify. But we’ve done our best to calculate some of the economic cost. By our reckoning every day the borders remain largely closed is costing at least $36.5 million in lost expenditure. Calculating the costs of the closed border

Australia s closed border is costing the economy $36 5 million a day

Australia doesn’t expect to reopen its international borders until well into 2022. The border has been closed since March 2020. That decision has been instrumental in the nation containing COVID-19, but there are big social and economic costs. The social costs – of families separated, of students and others losing their jobs but being denied government assistance and so on – are hard to quantify. But we’ve done our best to calculate some of the economic cost. By our reckoning every day the borders remain largely closed is costing at least $36.5 million in lost expenditure. Calculating the costs of the closed border

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