'Losses in excess of $1 billion in sales foregone' if Vic lockdown lasts seven days

Economist Saul Eslake says business groups have estimated there could be losses "in excess of a billion dollars in sales foregone" in Victoria if the lockdown lasts seven days.

"There's an additional difficulty this time around in that we don't have JobKeeper to support small businesses keeping their employees on and those who do lose their jobs won't have as high JobSeeker payments they were receiving in previous lockdowns," he said.

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