News

WA may be one of the first states in Australia to lead the nation smoothly out of the COVID-19 lockdowns due to early measures set in place to tackle the spread of the coronavirus by utilising our natural geographical isolation, the quick lock down of borders and early activation of social distancing.

Senior consultant at Rice Warner, Michael Berg commented “We’re now seeing the opportunity to move towards the exit, but there is a lot that needs to be done in terms of figuring out what levers need to be used.”

 An earlier lifting of the restrictions, when safely permitted, would benefit many small to medium service industry businesses and help with unemployment issues.

 Josh Frydenberg, Federal Treasurer stressed the idea that lifting restrictions too early would carry the risk of having to do it all again.

Lifting restrictions is a step in the right direction to stimulate the local economy but the impact will still be limited as we are dependent on world demand for products and services. China’s local demand is increasing which will have a positive flow on effect for WA’s mining industry, a key industry supporting WA’s economy.

 This is a brief summary of the article ‘WA to lead way out’ by Meilin Chew | The West Australian | Thursday 23rd April 2020.