SYDNEY: Australia’s most populous state could be playing “Russian Roulette” with its economic recovery by pressing ahead with a roll back of virus restrictions in the face of surging infections, according to AMP Capital Investors Ltd’s Shane Oliver.
New South Wales’ (NSW) decision to relax mask and vaccine mandates, check-in requirements and density limits at a time “when other countries are going in the opposite direction has added to the coronavirus risks to the near-term economic outlook,” Oliver, chief economist at AMP, said in a research note.
