
 Originally Posted by 
DiscoMick
					 
				 
				This will kill the cruise ship industry. Relatives have already cancelled a holiday and cruise to Japan. Friends are due to go to Spain soon,  but will probably cancel. Many others will do the same. 
Qantas has slashed flights by a third. Other airlines are cutting back. 
Tourism between Europe and the USA will be crashed. In Asia,  why would people go to China, Japan,  South Korea or Thailand? Bali is likely to take a big hit as Indonesia gets serious about testing. 
I reckon a lot of people will holiday in Australia rather than going overseas,  which should help the local tourist industry.
The falling Aussie dollar both favours staying home and helps exporters.
Education,  our fourth largest exporter,  has lost about a quarter of total university students, who come from overseas. 
The big danger for this country is that Chinese customers will cancel purchases of our resources, such as iron one and gas. If that happens our economy will take a huge hit. 
The problem with putting quarantined casuals on Newstart is they will first have to register with Newstart, which can take some time to prove identity etc. Then they have to submit an actual claim,  which takes five days to process. So they might have to go 2 weeks without any actual income. How do they eat and pay the rent?
Also,  if they don't come to work their bosses are likely to give their shifts to someone else,  so they lose their jobs. 
I reckon many will do the same as with influenza - take meds and cold and flu tablets and go to work anyway. So the virus will spread. 
Reality is Coronavirus will become endemic like influenza. Everyone will eventually get it and some will die. 
Even when a vaccine becomes available, people will still get it,  but the vaccine just increases their resistance, same as with the flu. 
I saw one health expert's prediction that the peak of the Coronavirus pandemic in Australia will be about mid-year,  say June-August. The government's first stimulus package will have washed through by then,  and the economic impact will be the greatest, so we will be in recession unless the stimulus is repeated, just like the GFC stimulus had to have two rounds, so that could happen in the May budget. 
One expert predicted the government would have to spend about $20b over four quarters to prevent a recession. This should kill off the criticism of the previous government's response to the GFC,  which was one of the reasons we avoided a recession then. They got it right, I think.
BTW I have a runny nose today,  but no fever, which means I don't have Coronavirus. How you others going?
			
		 
	
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