Cr Capp said without a national target, the cumulative effect on small businesses would be “immense”.
âNow is the time for the national cabinet to set a vaccination goal based on medical advice and tell small businesses when we will open up and live with the virus. “
She called for a significant increase in direct financial support to businesses affected by the latest foreclosure.
âThe economic and social outcomes will be much better if we can keep small businesses afloat now rather than trying to start over when we can open,â she said.
In May, the city of Melbourne commissioned Deloitte Access Economics to map the effects of lockdowns on the CBD economy. The research, which did not take into account Victoria’s June and July closures, or the outbreak in NSW, showed that it would take four years for the CBD economy to return to pre-crisis levels. pandemic.
The report predicts that Melbourne will return to its pre-COVID-19 peak of around $ 74 billion in gross regional product by the second half of 2024.
The GRP was cut by more than half in 2020 due to the pandemic, falling to nearly $ 40 billion.
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