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Australia's economy has moved out of recession

NACA Feature, economy, recessions and depressions,

Treasurer Josh Frydenberg during Question Time in the House of Representatives at Parliament House in Canberra, Wednesday, December 2, 2020. Source: AAP

Encouraging figures for the economy show that Australia has come out of recession. Incomes are high - but that's because of government stimulus - and Victoria's shutdown meant limited opportunities to spend the money that was earned. But now, businesses are hoping consumers will tap into these excess funds - to make for a more confident future.


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Updated

By Claudia Farhart, Allan Lee

Presented by Margarita Vasileva

Source: SBS




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Encouraging figures for the economy show that Australia has come out of recession. Incomes are high - but that's because of government stimulus - and Victoria's shutdown meant limited opportunities to spend the money that was earned. But now, businesses are hoping consumers will tap into these excess funds - to make for a more confident future.



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