05-05-2020, 02:26 AM
3302
Re: Chinese Coronavirus
"Bubble" Discussed
Jacinda Ardern has attended the Australian National Cabinet meeting to discuss the Trans Tasman Bubble.
The idea is to open travel between Australia and New Zealand as soon as possible (this is still weeks away).
The Shutdown is Expensive
Maintaining the coronavirus shutdown is costing the economy $4 billion a week, according to new Treasury analysis that will be considered by the nation's leaders as they meet to decide which restrictions to lift.
Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus, will see Gross Domestic Product plunge by 10 per cent in the June quarter — the equivalent of $50 billion being wiped from the economy.
Testing Ramped Up
Australia is significantly expanding testing for COVID-19 across the country in order to stay on top of the virus and provide a path to re-open large portions of public life.
More than 630,000 people in Australia have been tested for the coronavirus, with the number of tests ramped-up to over 23,000 per day.