Australia is entering a frightening new stage of the pandemic this week.
Greater Sydney, Greater Melbourne and all of regional Victoria are in lockdown, and despite the restrictions, the outbreaks are still growing on both sides of the border.
So with 12 million people being told to stay home, how big a hit will there be to the economy?
Today on The Signal, we question the cost of Australia’s zero-COVID strategy.
What is the price, and is it something we should still all be willing to pay?
Nicki Hutley, Economist, Social Outcomes