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AUSTRALIA: In the wake of yesterday's news re: the Melbourne lockdown NAB noted
that "the lockdown measures apply to metropolitan Melbourne (5.1 million people)
and Mitchell Shire (46k). This means 5.1 million residents (20% of the national
population) will be restricted from leaving their homes except for essentials,
work, caregiving and exercise. The second wave of infection will see Victorian
economic activity fall sharply and it will continue to lag the rest of
Australia, which is continuing to ease restrictions amid low virus numbers. This
will weigh on overall economic growth, where Victoria makes up around one
quarter (23%) of Australian economic activity."