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Australia Business Gloom Deepens as Delta Upends Economy

  • Firms’ confidence slumped back to negative levels of 2020
  • Weekly consumer confidence fell as Sydney cases still elevated
Sydney's Lockdown Continues as City's Reports Record Number of Cases
Photographer: Brent Lewin/Bloomberg

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Australian business sentiment tumbled in July as Sydney’s outbreak of the delta strain of coronavirus forced even tighter stay-at-home orders and leaks of the virus prompted snap lockdowns in other major cities.