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Since the first quarter of 2020, specifically starting in March, had not yet stabilized after the

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effects of a wildfire, Australia had suffered an outbreak of Covid-19, which had resulted in

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Australia's economic growth declined rapidly. Accordingly, it is not surprising that the
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unemployment rate had begun to soar through the government's social stretching policies.
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The peak in the June quarter of 2020 and the gradual decline in the unemployment rate, the
gradual increase in the economic growth rate through September is seen as convincing
evidence for the success of the government in disease control.
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The change in the final demand growth rate in the following quarters of 2020 in Chart B also
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shows an indirect impact from the epidemic. Specifically, the losses through social distance
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caused people's income to decline, leading to a much weaker demand, most of which were
negative in the June quarter. By September, when the economic situation is more positive,
people were starting to regain their income and consumer demand as the final demand
growth rate had grown compared to the previous quarter. Surprisingly, it seems that Victoria
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was the state most affected by the epidemic as the demands of its residents continue to
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decline significantly in September 2020.

In particular, it is impossible not to mention the industries to be the most attacked by the
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closing order, which are classes 4400, 4511 and 4520. Not only food services, but class
9511, about beauty services, or class 5010, about sightseeing activities and facilities are
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also equally affected. Border closure also makes industrial activities in aviation slightly
affected, which is the 4900 or 5220 class.

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In the first quarter of the year, in addition to the Food and Accommodation services and the
Transportation, postal and warehousing industries, there were other service industries, all of
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which were the sectors with the strongest growth decrease, with a corresponding decrease
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of -8.7%, -7.04% and -5.31%.

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In the second quarter of 2020, the growth gap decreased further than that in the first
quarter, along with Food and Accommodation services and Transportation, postal and
warehousing industries, the Arts and recreation services are also typical with the figure of
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-30, 66%, -16.55%. and -21.04%.

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However, under the miraculous recovery of the government, the aforementioned industries
in the second quarter had a spectacular recovery in the third quarter with respective growth
rates of up to 79.58%, 26.02% and 38.56%.
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