At the National Press Club today, Josh Frydenburg said ""Domestic borders are assumed to reopen around the end of this year. International travel, including by tourists and international students, is assumed to remain largely closed off until... late next year and then gradually return over time, and a vaccine to be available around the end of 2021 is one of the assumptions in the budget." Not great news...what do you guys think ?
I think this is fairly conservative. Because vaccines are having real time assessment by relevant authorities in the EU and Canada at the moment, and WHO has already said today that a vaccine may be available by the end of the year.
Having said that it takes time to manufacture and distribute, however in Australia we have our own manufacture capacity and previously Hunt mentioned a few million can be ready by Easter which I would suggest the budget estimate is quite conservative about this. Which makes sense because it needs to have a fair estimate for the timing of when the borders reopen the latest.
My two cents is that when vaccine starts to become available in early 2021, we will see domestic borders removed as well as some international travel between safe countries, followed by high risk countries towards the end of 2021 when more of the population is being vaccinated.
Unfortunately, I cannot forsee all of population will be vaccinated, which I am against this point in the budget, since there will be a lot of people refuse to be vaccinated because they don't think the severity of the virus is that bad, or they may only vaccinate when they are infected.
Interestingly, I wonder why there's no mention of Taiwan or Hong Kong to be part of the travel bubble rather than keep talking about Japan and Korea. Taiwan, Thailand and Hong Kong has lower number of Coronavirus cases than Korea and Japan, and if Australia can open to Japan and Korea then we can definitely be able to open to a portfolio of countries that has a fair amount of infections every day.
(Note: Japan and Korea has about 100 infections per day)