Page 4 - டெலோய்ட்டே நுழைவு பொருளாதாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Advertisement The winter lockdowns in Sydney and Melbourne threaten to push the whole economy into reverse. Prior to the restrictions Australia was bouncing back strongly from last year’s deep recession. But a shadow has been cast over the recovery – a growing band of economists now warn the whole economy could shrink this quarter. So how can lockdowns imposed in just two cities and regional Victoria take such a heavy toll? As this chart shows the magnitude of the hit to the national economy is due to the sheer size and economic importance of Australia’s twin urban giants. Sydney alone accounts for nearly a quarter of gross domestic product while Melbourne contributes around a fifth. Analysis by consultancy SGS Economics and Planning shows the pair generated 44 per cent of Australia’s annual economic output in 2019-20. When you add the rest of Victoria, which is also in lockdown, regions that contribute almost half of all national economic activity are affected.

New south walesUnited kingdomCity ofKate geraghtyChris richardsonCommonwealth bankGreater melbourneGareth airdDeloitte access economicsSu lin ongபுதியது தெற்கு வேல்ஸ்ஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்கேட் ஜெரடீகிறிஸ் ரிச்சர்ட்சன்காமன்வெல்த் வங்கி