Receive the latest mybusiness news
Copyright © 2020 MOMENTUMMEDIA

PM sets out 3-step plan to achieve 'COVID-safe economy in July'

Maja Garaca Djurdjevic
Maja Garaca Djurdjevic
08 May 2020 1 minute readShare
Scott Morrison

The Prime Minister has set out a three-step plan to achieve a “COVID-safe economy” in July this year.

The three-step plan should see up to 850,000 jobs restored in the months ahead, PM Scott Morrison said following a meeting of the national cabinet on Friday. 

“It is our goal to move through all of these steps to achieve that COVID-safe economy in July of this year.”

Step one will see the reopening of some retail stores, as well as small cafés and restaurants, libraries, community centres and playgrounds.

According to an analysis the PM presented, this first stage of easing restrictions should provide a $3.1 billion per month boost to the economy and the revival of 250,000 jobs. 

Step two will move towards opening more retail stores based on COVID-safe plans. This also includes cinemas, organised community sport and beauty therapists, with up to 20 people allowed to gather in one place

By this stage the economy should grow by another $3 billion per month, while a further 275,000 jobs are expected to be restored. 

Finally, step three will allow gatherings of up to 100 people, but this will become clearer as the country moves through the first two steps. 

At this stage of the process, pubs and clubs will be allowed to reopen under some restrictions. But according to the PM, most workers, by then, will be back in the workplace, with interstate travel also likely resume.

The analysis the PM presented foresees an economic boost of $3.3 billion per month during step three, and a further revival of around 325,000 jobs. 

Mr Morrison, however, underlined that the states and territories will have the right to adapt and adopt the plan as they see fit. 

“States will and must move at their own pace, and will cut and paste out of this plan to suit their local circumstances,” the PM said.  

He confirmed that the national cabinet will review the progress of each step every three weeks, to see how coronavirus infection numbers are being impacted. 

Also addressing the media, Chief Medical Officer Brendan Murphy said that the three-step plan relies on Aussies maintaining social distancing and personal hygiene.

“We could lose the battle that we have won so well, so far,” he said. 

PM sets out 3-step plan to achieve 'COVID-safe economy in July'
mybusiness logo
Maja Garaca Djurdjevic
Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of My Business. 

Maja has a decade-long career in journalism across finance, business and politics. Now a well-versed reporter in the SME and accounting arena, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies and enabling citizens to influence decision-making.

You can email Maja on [email protected] 

Leave a Comment

Latest poll

How satisfied are you with the SME measures in the federal budget?