Australian treasurer, Josh Frydenberg, remarks
That's a striking remark on how the future looks like for the Australian economy, as Frydenberg says that there should be "no expectation" by states/territories should for emergency COVID-19 support payments for employees affected by lockdowns once the country gets to 70% vaccination rate.
Given how Australia has been very strict with lockdown measures, even a 70% vaccination rate may not necessarily rule out a spread of infections - however minimal it may be.
That said, we're still a long ways off from realising this figure so this is all conjecture for now. Australia currently has roughly 22% of its population fully vaccinated.
And while things are progressing at a quicker pace now, that's not really the big challenge. When you look at other countries with solid vaccine progress in the past few months, even getting to the 70% mark may actually be a challenge on its own.
In Canada for example, roughly 65% of the population is now fully vaccinated but there is a flatlining in terms of vaccine progression in the past few weeks.
