Australian Retailers Association on Lockdown Impact

The video discusses the economic impact of repeated lockdowns, particularly in Victoria, and the effect on consumer confidence due to the end of stimulus programs like Jobkeeper. It highlights the resilience of the retail sector, despite challenges faced by small businesses, especially in CBD areas. The speaker calls for targeted government support to help businesses survive snap lockdowns and maintain employment, emphasizing the need for economic recovery strategies as the country moves towards a post-COVID normal.

What is the estimated weekly cost of the Victorian lockdowns?

• 500 million dollars

• 1 billion dollars

• 2 billion dollars

• 750 million dollars

What was the percentage increase in retail activity in April compared to the previous year?

• 10%

• 15%

• 25%

• 30%

Which sector is highlighted as struggling despite overall retail resilience?

• Online retail

• Grocery retail

• CBD retail

• Luxury retail

What type of support is being requested to help businesses during snap lockdowns?

• Tax cuts

• Interest-free loans

• Universal basic income

• Targeted support similar to JobKeeper

Why is government intervention deemed necessary for businesses affected by lockdowns?

• To ensure businesses can continue operating

• To increase taxes

• To promote international trade

• To reduce competition