Why Australia can’t afford lockdowns again despite the Omicron surge and the highest death toll since the pandemic
- ANZ-Roy Morgan consumer confidence read plunged to worst level since 1992
- Australian are as pessimistic as they were when unemployment at 10.3 per cent
- ANZ head of economist David Plank said Covid concerns could do damage
Australia can’t afford more lockdowns with consumer confidence now at the worst level in three decades.
A surge in the Omicron variant of Covid has made Australians even more despondent they were at the start of the pandemic in 2020 when national lockdowns kicked in.
The ANZ-Roy Morgan measure of consumer confidence for the week ending January 16 produced the worst January reading since 1992 – back when unemployment was twice…
