Avalon Cluster Could Cost Australian Economy $3.2 Billion: KPMG

Avalon Cluster Could Cost Australian Economy $3.2 Billion: KPMG
A Covid-19 digital sign is seen on Dee Why beachfront in Sydney, Australia on Dec. 19, 2020. Lee Hulsman/Getty Images
|Updated:

Financial advisory firm KPMG has warned that the lockdown in the Sydney northern beaches suburb of Avalon could cost $3.2 billion due to the loss of working hours in December.

This is despite the New South Wales (NSW) state government taking a more restrained approach to CCP (Chinese Communist Party) virus (novel coronavirus) restrictions than in its neighbouring state, Victoria.
Victoria Kelly-Clark
Author
Victoria Kelly-Clark is an Australian based reporter who focuses on national politics and the geopolitical environment in the Asia-pacific region, the Middle East and Central Asia.
twitter
Related Topics