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The $10 Billion Problem: How Long COVID Is Impacting Australia’s Economy

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Not Just a Health Issue

Long COVID is not just a health issue—it’s an economic crisis. In a revealing interview on The Court of Public Opinion, Professor Quentin Grafton discusses the staggering $10 billion cost that long COVID inflicted on Australia in 2022. This financial burden affects not just individuals but the entire economy.

Professor Quenton Graton talking to Jeremy Cordeaux about Long Covid
Professor Quentin Grafton discusses the staggering $10 billion cost that long COVID inflicted on Australia in 2022. This financial burden affects not just individuals but the entire economy

The Hidden Cost of Long COVID

While many have moved on from the acute phase of the pandemic, continues to impact the workforce. Professor Grafton explains that reduced work hours and lost productivity have a ripple effect across the economy, leading to a significant financial burden.

Why This Matters to Everyone

Even if you haven’t been personally affected by the sickness, the economic impact touches everyone. From higher healthcare costs to a shrinking workforce, this issue has broad implications for Australia’s economic stability.

Jeremy Cordeaux recording in his garage on Wednesday August 28, 2024
Jeremy Cordeaux in the garage recordin.

The Ongoing Effects of Long COVID

As Australia grapples with the ongoing effects of long COVID, it’s clear that more needs to be done to address this issue. For more insights into how this is shaping our economy, tune into The Court of Public Opinion.

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More about Professor Quentin Grafton

R. Quentin Grafton, FASSA, is a distinguished Professor of Economics, as well as an Australian Laureate Fellow at the Australian National University (ANU). Additionally, he is the Convenor of the Water Justice Hub and serves as the Director of the Centre for Water Economics, Environment and Policy (CWEEP) at the Crawford School of Public Policy. Moreover, in April 2010, he was appointed Chairholder of the UNESCO Chair in Water Economics and Transboundary Water Governance. Between August 2013 and July 2014, he also took on the role of Executive Director at the Australian National Institute of Public Policy (ANIPP). Currently, he holds the position of Director for the Food, Energy, Environment and Water Network while continuing as the Convenor of the Water Justice Hub.

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Jeremy Cordeaux is a Commercial Radio Hall of Fame inductee and a Walkley award-winning journalist who has worked in all facets of the media, including radio, television, print, marketing, promotions, public relations, and media training.

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