Advertisement
Deloitte’s weekly economic briefing warns that Australia still faces significant insolvencies, despite a wave of strong economic data. However, the risks have reduced markedly compared to a few months ago:
Although the damage of 2020 is winding back fast, it hasn’t disappeared, and it will linger.
Many relief measures were taken to alleviate the COVID-induced economic disruption, but as stimulus and other supports fall off, households and businesses could face significant financial stress.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.