Victoria recorded seven cases on Tuesday, taking the total number of cases to 1336. The state's death toll remains at 15. There are 6650 cases in Australia, 23 of which were confirmed on Tuesday, and the national death toll is 74.Victorian government modelling shows about 270,000 Victorians will lose their jobs this year, doubling the unemployment rate. The economy is set to shrink by $30b in the first half of the year and property prices will likely fall by 10%.
About 270,000 people will likely lose their jobs and the unemployment rate is set to peak at 11 per cent in the September quarter."That is essentially twice the level of the unemployment that we're currently experiencing," Mr Pallas said, describing the modelling as "frankly, quite catastrophic".Property prices are expected to fall nine per cent by the end of the year.
"If we don't get our health problem fixed, if we don't get the health challenge dealt with appropriately, then we'll in fact see even more economic damage."
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