17 June 2020
The suspension of cruise operations is likely to cost Australia more than $1.4 billion in lost economic activity by mid-September and threaten the jobs of more than 4,800 people, according to analysis commissioned by Cruise Lines International Association (CLIA) Australasia. Conducted by economic analysts and forecasters AEC Group, the analysis shows the shutdown has already resulted in an economic loss of almost $500 million to the end of May, which in the absence of the Australian Government s JobKeeper program would have cost almost 1,700 Australian jobs.
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