Australia’s Melbourne To Ease Coronavirus Restrictions with Reduced Cases

Free $100 Forex No-Deposit Bonus

covid-19

Victoria, Australia 2nd most populated state and the epicenter of the nation’s coronavirus outbreak, speed up the easing of social distance restrictions with the infections slowing to less than 20 cases everyday.

Victoria reported 16 new coronavirus cases on Saturday and has placed close to 5 million Victorians under one of the most strict lockdown restrictions since august.

With the cases below the one day high over 700 cases reported back in august, Daniel Andrews, the premier stated that some limitations, including the night curfew, would be immediately removed.

The remaining restrictions would also be relaxed, with the restrictions eased after the cases hit specific triggers. Previously, the premier has said that many of the current restrictions would remain until November.

The fastened timeline for easing the restrictions across Melbourne is a great boost to the ailing Australian economy. The COVID-19 crisis in Victoria affected any hopes of the fast economic pullback with Australia entering into a recession in 3 decades and efficient jobless tops 10%.

This is an instant boost in the Australian economy, as the state indicated that 127,000 staff would be allowed to go back to work on September 28, which marks a 30,000 rise on the previous plan that had been announced earlier this month.

Over 1 million people in Melbourne who have been receiving wage subsidies from the government after the stringent lockdown measures sliced a larger part of their salary as Australian Dollar Might Extend Fall Despite Eased Coronavirus Restrictions.

However, it’s important to take note of the fact that these restrictions have prevented the 2nd wave of COVID-19.

On the other hand, New South Wales, Australia’s most populated state, reported the first day without any coronavirus case in over 3 months.

Currently, Australia has reported more than 27,000 infections and about 872 deaths.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.