Melbourne CBD faces $110bn hit over next 5 years
Melbourne’s Central Business District could have its economic output reduced by up to $110 billion over the next five years as a result of the restrictions put on the region due to the COVID-19 pandemic, new modelling shows.
The modelling from PricewaterhouseCoopers (PwC) commissioned by the City of Melbourne estimated the economic hit by comparing it with previous projections made before the pandemic.
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