Omicron surge threatens Australia’s economic recovery Business & Economy

Australian businesses are grappling with workers getting sick or ordered to quarantine.

A surge in Omicron in Australia has caused staff shortages, disrupting supply chains and hampering economic recovery.

Australian businesses are grappling with a growing number of workers falling ill or being ordered into isolation because of close contact. But the virus has also kept customers away from the airline, entertainment and hospitality industries, which have been hit by multiple lockdowns over the past two years.

“Essentially [small businesses] Alexi Boyd, head of the Small Business Organizing Committee, told broadcaster ABC on Wednesday

Australian Daily infections hovered near records on Wednesday About 100,000 cases have been reported so far. With 42 new deaths registered, NSW reported its worst day in the pandemic with 21 deaths, although seven of those were deaths dating back to September, which were added after autopsies.

Labour shortages and caution about being in public dampened household spending, which in early January was similar to lockdown conditions in Australia’s largest cities Sydney and Melbourne, the Australia and New Zealand Banking Group said in a research note.

The economy had been recovering strongly ahead of the Omicron outbreak over the Christmas period. Employment levels rose much faster than expected in November as coronavirus lockdowns were lifted, and Retail sales also surged for the second month in a row.

Supermarket chain Coles Group has reintroduced purchase limits on toilet paper, some meat products and medicines amid pressure on its supply chain.

‘Absolute draw’

Prime Minister Scott Morrison has been critical of Omicron’s handling of the outbreak at the start of the election year, proposing to ease quarantine rules for asymptomatic workers ahead of a national cabinet meeting scheduled for Thursday.

The head of Melbourne’s Chapel Street Precinct, a local marketing agency representing about 2,200 business entities, said the controversy over tennis superstar Novak Djokovic “created the perfect score for Victorian Premiers Daniel Andrews and Morrison.” Heart”.

“[The Djokovic case] It means that there is not enough focus on the sheer number of small businesses,” managing director Chrissie Maus said.

An Australian court on Monday rejected the government’s decision to cancel Djokovic’s visa, citing issues with his medical exemption status, but he remains under threat of deportation.