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.
