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Richard Holden, Professor of Economics, UNSW Sydney

Vital Signs: small businesses need a national support plan to survive shadow lockdowns

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The “shadow lockdown” accompanying the Omicron outbreak should have come as no surprise to Australia’s policy makers. But the type of government support that helped so many individuals and businesses survive the official lockdowns of 2020 and 2021 is absent.

In the face of large case counts, hospitalisations and deaths from Omicron, people voluntarily cut back on economic activity. Why risk going out for a meal or sitting in a theatre while infections are raging?

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