WP_User Object ( [data] => stdClass Object ( ) [ID] => 0 [caps] => Array ( ) [cap_key] => [roles] => Array ( ) [allcaps] => Array ( ) [filter] => [site_id:WP_User:private] => 0 )
Back
Strategic Business Initiatives Market Trend Reports COVID-19 Crisis: The Onset, The Reaction & The Business Impact by Aparna Sundararajan, Matt Boon and Peter Hind Apr 16, 2020 | 20 min

13 March 2020 – Australia announced the first set of COVID-19 related restrictions calling for a suspension of all non- essential gatherings of over 500 people. In the following two weeks, the country tightened lockdown rules; limiting all gatherings to a maximum of two people, and shutting down pubs, clubs, gyms, cinemas, cafes, and places.

A significant proportion of the workforce was laid off or stood down (700,000 by June Quarter), and many businesses lost significant revenue, with the hospitality, tourism and education sectors particularly severely hit. Economists are still assessing the ultimate economic impact of the lockdown.

Universities…

Research & Advisory
Client-Exclusive Content

Members of ADAPT’s Research & Advisory platform have access to an entire suite of local market research, case studies and resources to help them execute in their role.

Learn More Already a member?
ADAPT