Home / World News / Long Covid costing Australia's economy $3.6 bn annually, says report

Long Covid costing Australia's economy $3.6 bn annually, says report

Australia has announced a parliamentary inquiry into long Covid, with the aim of developing a clear definition of the illness and gauging the scale of its impact on the country's 26 million people

Premium

Governments are grappling to come to terms with the condition, which reflects the pandemic’s ongoing impact despite most countries seeking to move on.

Bloomberg News

2 min read Last Updated : Sep 10 2022 | 8:47 AM IST

Long Covid is costing the Australian economy the equivalent of $3.6 billion a year in lost output, the Australian Financial Review reported, citing an exclusive data analysis.

Based on data from the country’s Treasury estimating some 31,000 workers called in sick because of the condition in June, the analysis by think tank Impact Economics and Policy found the economic cost came in at A$100 million ($68 million) a week, according to the AFR. That amounts to some A$5.2 billion on an annual basis.

Australia has announced a parliamentary inquiry into long Covid, with the aim of developing a clear definition

Topics : Coronavirus Treasury Bills Australia corona economy Financials Economic policy Harvard University Australia economy Government

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in