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South Australia’s post-COVID-19 unemployment rate could spiral to almost 11 per cent within a year, while the gross state product is predicted to fall almost seven per cent, according to grim economic tidings as Treasurer Rob Lucas warns of “a world of pain” ahead.
Analysis
South Australians doubled their spending on groceries in the wake of social distancing enforcement measures while universities and Asian restaurants have been among the hardest hit sectors, new research reveals.
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The outgoing chief of SA’s Innovation and Skills agency has been handpicked for a new Premier’s Department role overseeing “public sector performance and reform”, and will help shape the state’s economic recovery from the COVID-19 pandemic.
Treasurer Rob Lucas admits colleagues have urged him to rethink his retirement plans as the state faces one of its most challenging and prolonged economic recoveries, but is adamant he’ll still bow out at the next election.
EXCLUSIVE | Rent increases will be outlawed in SA for up to six months, with the Police Commissioner being handed unprecedented new powers under draft legislation being prepared by the Marshall Government.
South Australian healthcare workers have been instructed to re-use specialist face masks as the system grapples with a worldwide shortage, with the doctors’ union warning local stock is set to run out as early as this weekend.
The SA Labor Opposition is calling for state parliament to continue according to its published schedule, with the Government expected to unveil plans to slash the number of sitting days for the duration of the coronavirus crisis.
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