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Sun shines on Melbourne businesses, but experts issue gloomy forecast

Sun shines on Melbourne businesses, but experts issue gloomy forecast

Banks and economists are braced for a flurry of small business insolvencies and warn of much deeper economic damage due to the coronavirus pandemic than first forecast due to the length of Melbourne's lockdown.

by Shared by The Age | 1 Nov, 2020

Retail closures spark calls for urgent rescue package

The city’s retailers enjoyed a bumper first weekend of trading after the easing of restrictions on hospitality and retail businesses following the city’s gruelling 15-week lockdown, but industry groups say the real litmus test for the strength of Victoria’s economy will be early next year when JobKeeper ends.