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Victoria lockdowns to cost national economy at least $3 billion – Sydney Morning Herald

Victoria’s struggles will lower growth in the national economy in the September quarter and could also increase the country’s unemployment rate.

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While national retail sales were up by 2.4 per cent in June, part of the increase was due to stockpiling of goods by shoppers in Victoria.
The preliminary data showed sales through cafes, restaurants and takeaway food services jumped by more than 20 per cent for the second consecutive month as the sector reopened.
Despite the strong result, sales through the sector are still down by 17 per cent on the same time last year. Food retailing rose by another 0.9 per cent following a 7.2 per cent jum…

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