A new study has determined the cities that have best handled the economic fallout of coronavirus, with Sydney coming in at 52nd place.
The study, conducted by online distance learning platform Futurelearn, looked at 100 cities across the world that are renowned for their economic, educational and aspirational opportunities. To determine which cities would be subjected to the study, the company collected data relative to the pre-coronavirus GDP Annual Growth Rate.
The study looked at the current unemployment rate and compared it to this time last year to determine the impact that the pandemic has had on the job market. It also looked at the government’s response to coronavirus in terms of financial support networks that were offered to businesses in the wake of the pandemic.
This was further explored with polls, that saw those in lockdown from around the world reflect on their government’s response to the crisis, and how it has impacted their personal employment status.
Governmental policies were also up for analysis: this section focused on workers’ rights, parental leave, governmental efficacy and immigration statistics and sentiment. The study also considered quality of life and gathered data relating to health spending, cost of living, and average disposable income.
The study aimed to highlight the cities that excelled in both job offerings pre-coronavirus, and how each city ensured that their respective economies would thrive in the age of corona.
Sydney ranked #52 on the list of cities surveyed, out of a data score of 100, Sydney scored 43.77. You can read the full report, and delve into why Sydney scored #52 here.
The report comes as the state slowly begins to reopen society. Last week, Premier Gladys Berejiklian has announced that from June 1st, pubs, cafes and restaurants will be able to serve up to 50 people at a time.
“There are about 280,000 people employed in this sector of the economy and allowing venues to safely cater for more customers will provide another boost to business and jobs,” shared Treasurer Dominic Perrottet at the time.
In other news, 17 Sydney brothels have joined forces cosigning a letter to NSW Health Minister Brad Hazzard requesting a trial period to lift the ban on their business as the state begins to relax coronavirus restrictions.
Like many industries, the coronavirus pandemic has had dire impacts on sex work. However, unlike the beauty, hospitality or health industries, the government are yet to announce a plan to reintroduce sex work services to society.
