Business News

government lockdown costs may be exaggerated over COVID-19's direct economic impact

Written by Richard Holden, Professor of Economics, UNSW

As a second COVID-19 lockdown looms in New South Wales, there is much discussion about the economic costs of doing so.

But since the start of this pandemic there has been profound confusion in many quarters about the economic cost of the virus compared to the economic cost of lockdowns.

It should come as no surprise that having a highly contagious...

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