Economic legacy of pandemic to cause thousands of businesses closures

By : ABC NEWS (Australia)

Published On: 2022-05-25

128 Views

04:46

Businesses in Australia haven't been going under and that's worrying experts. Legal changes and a tax office decision to stop recovering debts at the beginning of the pandemic gave breathing room for companies worried about their future. But it's led to a drought of insolvencies. Now thousands of businesses are expected to fold, with big implications for the Australian economy

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