Australia unemployment 4.6% a 12-year low, 40% fewer businesses bust
Extraordinary new figures show FEWER businesses closed DURING Covid than BEFORE - as Australia's recovery gathers pace Australia set to make full Covid recovery 40% fewer businesses went bust during Covid Unemployment is now at a 12-year low
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Treasurer Josh Frydenberg says he's confident Australia will be able to make a successful recovery out of COVID-19, with new economic figures showing the nation avoided a slew of businesses shutting during the pandemic.
According to new tax office and Treasury data, there were 40 per cent fewer external administrations this year than in the same period in the years before COVID-19.
"(It's) another proof point that Australia's economic recovery is on track," Mr Frydenberg told the Nine Network on Monday.
