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Originally Posted by Work Horse
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Oi! Cheeky sausage...
Rightio then, since there's nothing forthcoming from down south we'll crunch the numbers.
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How much does a seven-day lockdown cost?
Early estimates from the lobby group Small Business Australia place the cost of this seven-day Victorian lockdown at $1 billion in lost economic activity, while the Grattan Institute puts it at slightly lower at $900 million.
The Commonwealth Bank's chief economist Gareth Aird is estimating an even higher cost.
"We think that the direct cost of the seven-day lockdown in Victoria will be around $1.3 billion," he said.
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Lets go $1.15 to be fair.
How many days has MEL/VIC been in lockdown? 164?
164/7=23.43*1.15=$27b