COVID disaster payments for Melbourne residents who are unable to work will be part of a new national scheme available to other states if lockdowns last for more than a week. The latest blow to Victoria's economy follows GDP figures which show that Australia's economy has bounced back from the pandemic recession. Plus, the economic costs of racism and Australian researchers find that business leaders are more optimistic about their company's profit outlook when the sun is shining - investors might want to check the weather forecast before making financial decisions.
Guests:
Danielle Wood, CEO, Grattan Institute
Associate Professor Edward Podolski, Deakin University Business School
Amanuel Elias, Alfred Deakin Institute, Deakin University
The Economy, Stupid