Economic implications of a SARS/Coronavirus outbreak

[over9k]

Let's not argue - this isn't the thread for it.

 

[Garpal Gumnut]

There is a myth about, that this Pandemic and its economic consequences last for just a few more months and everything will be honky doorie in 2021.

I believe this not to be so.

I hope I am wrong.

gg

 

[macca]

There is a myth about, that this Pandemic and its economic consequences last for just a few more months and everything will be honky doorie in 2021.

I believe this not to be so.

I hope I am wrong.

gg

I believe the world has changed and I really do not like what I am thinking for future generations here in Oz

It will be a long time before it is as good as it has been for the past 20 years

With kids and grandkids I wish it wasn't so

 

[qldfrog]

Like the good ole USA which will be economically stuffed and lose it's first mover advantage.

As they say there, after quoting some bloody Amendment or other.

Wheeeeee Hawwwww.

gg

Time will tell

 

[waterbottle]

I think hospitalisation rates are the most important.

Sure, but hospitalizations occur 1 week post infection and are by definition lagging.

 

[qldfrog]

I believe the world has changed and I really do not like what I am thinking for future generations here in Oz

It will be a long time before it is as good as it has been for the past 20 years

With kids and grandkids I wish it wasn't so

Teach them exportable trades and languages.give them a chance to get out while for us joining the queue and creaming the system.
You can not fight the feds nor can you the gov in place

 

[over9k]

In case anyone's wondering about data lag:

It takes 2-3 weeks for infections (after date of infection) to show up in the data, and another 2ish weeks for deaths to.

So roughly speaking, if it's going to kill you, it takes about a month to do it.

 

[sptrawler]

Japan to pay companies to relocate manufacturing out of China. This should be interesting.

https://www.neweurope.eu/article/japan-to-pay-firms-to-leave-china-as-part-of-corona-stimulus/

 

[Dona Ferentes]

Towns with highest JobKeeper numbers: Tourist towns feature prominently. Most capital city CBDs have about 30% of their businesses registered.

Exmouth and Shark Bay (60%), Margaret River (51 per cent) and Denmark (45 per cent) in Western Australia; Byron Bay (57%), Tweed Heads (48 per cent), Shellharbour (45 per cent), Coffs Harbour (44 per cent) and Kiama (43 per cent) in NSW; the Surf Coast in Victoria (44 per cent); Sunshine Coast (44%); Break-o-Day (52%) in NE Tassie.

https://taylorfry.com.au/articles/where-are-the-businesses-most-reliant-on-jobkeeper

 

[IFocus]

Exmouth apparently was packed for the school holidays I image Shark Bay similar certainly the grey nomads have being going north in great numbers.

If people are spending could be another matter

 

[Dona Ferentes]

Exmouth apparently was packed for the school holidays I image Shark Bay similar certainly the grey nomads have being going north in great numbers.

If people are spending could be another matter

survey was up till end of June...and probably reflects even earlier days/ weeks. Leads and lags of data collection.

what were those Albany Tourist Centre visit numbers, June 19 - Jun 20; up 250%? People are itching to get out (while they can)

 

[sptrawler]

survey was up till end of June...and probably reflects even earlier days/ weeks. Leads and lags of data collection.

what were those Albany Tourist Centre visit numbers, June 19 - Jun 20; up 250%? People are itching to get out (while they can)

My sister and BIL went north with the van two weeks ago, couldn't get into Onslow at all.

 

[over9k]

Here's an answer to the thread title that isn't a wall of bull**** text:

Gold at an all time high.

 

[wayneL]

A little digression from the current conversation

 

[rederob]

Queens

If Clive Palmer wins the high court case against the W.A hard border closure, I wonder how Queensland, S.A and Tasmania will keep theirs intact?
https://www.abc.net.au/news/2020-07...y-to-win-wa-border-challenge-pm-says/12501872

My view is that in Queensland at least the Direction from the Chief Health Officer is flawed. I think reasonable restrictions can be place on entry, but where an activity is not commercial in nature then citizens cannot be denied entry.
It will be interesting to see how the dice roll.

 

[sptrawler]

Well I would never have thought this would happen 6 months ago, call center coming home to Australia, wonders never cease.

https://www.theage.com.au/business/...e-jobs-back-to-australia-20200729-p55gjp.html
From the article:
Westpac is moving 1000 jobs that are being carried out in India and the Philippines back to Australia after complications in overseas operations led to slow customer service and cost the lender valuable business during the pandemic.

The country's second-largest bank pointed to a surge in customers needing assistance and delays in its home loan processing and call centres as it announced it would bring the jobs back to Australia.

 

[Smurf1976]

Well I would never have thought this would happen 6 months ago, call center coming home to Australia, wonders never cease.

Call center offshoring, long disliked by consumers, was a classic example of senior managers failing to comprehend reality.

Consumers never liked the idea. Not because they're foreigners as such, but because the whole thing tends to end up as a painful experience for the consumer who then looks to take their business elsewhere and the loss of that costs the company far more than they'll ever save in cheap wages.

 

[jbocker]

Well I would never have thought this would happen 6 months ago, call center coming home to Australia, wonders never cease.

https://www.theage.com.au/business/...e-jobs-back-to-australia-20200729-p55gjp.html
From the article:
Westpac is moving 1000 jobs that are being carried out in India and the Philippines back to Australia after complications in overseas operations led to slow customer service and cost the lender valuable business during the pandemic.

The country's second-largest bank pointed to a surge in customers needing assistance and delays in its home loan processing and call centres as it announced it would bring the jobs back to Australia.

Glad to see this. I have recently had to call a few 'help' lines and the wait-times and call quality, have been horrendous. Except for new business, you usually get a quick response there. I have mentioned before that a top 20 ASX (non bank) company is returning there support lines back to Australia, and I think that was also the case for another Top 20 company (as what happens with one usually is followed by others).

 

[SirRumpole]

Glad to see this. I have recently had to call a few 'help' lines and the wait-times and call quality, have been horrendous. Except for new business, you usually get a quick response there. I have mentioned before that a top 20 ASX (non bank) company is returning there support lines back to Australia, and I think that was also the case for another Top 20 company (as what happens with one usually is followed by others).

Telstra should follow suit.

I've had to call them a few times, and although the staff are helpful there was a lot of shoving around between one department and another with some of the calls getting lost in the process.

That's really a matter of procedure and training though, it could go just as bad in Australia.

It depends on the quality and knowledge of the staff and how keen they are to help. Although it sounds a bit biased to say it, maybe staff in Australia would be happier to help their "local" community rather than someone in another country.

 

[jbocker]

To add to my previous post I think the value of 'call centres' and the like has been given a much greater importance since COVID-19. Consumers are valuing the quality of the contact far more now having experienced the lack of physical presence.