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BUSINESS MAVERICK: Lockdown smackdown: Economy to take a fresh battering as Level 4 bites
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The economic consequences of the move to lockdown Level 4 will be harsh, with the labour-intensive restaurant and booze sectors among those hardest hit. If the restrictions remain in place for more than two weeks, economic growth in the third quarter is likely to be anaemic at best. In the short term, hunger and hardship will rise.
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