Lower unemployment, faster economic growth but we still need to be cautious

Treasurer Josh Frydenberg says the Australian economy is rebounding strongly from the economic havoc of the coronavirus recession but insists the road ahead remains challenging. Mr Frydenberg released his mid-year budget update on Thursday, revealing the record budget deficit will come in at below $200 billion, rather than the $214 billion forecast in October.

Lower unemployment, faster economic growth but we still need to be cautious. Source: Unsplash: Micheile Henderson