Sydney's extended lockdown could push the national unemployment rate to 5.6 per cent under new modelling from Capital Economics, assuming stay-at-home orders last for two months and businesses suffer equivalent damage to those in Victoria last year.
Capital also warns some businesses won't survive.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
