General
International border closures push Australian businesses to the brink of collapse
While Australia’s economy moved into the black this week — recovery feels a long way off for some.
Key points:
- Tourist areas like Chinatown are among the hardest hit
- Affected business owners say their turnover is down by as much as 90 per cent
- Some say they hope the Government will ease travel restrictions faster
Many businesses still reeling from international border closures are now staring down the barrel of a two-pronged downturn.
With international tourism at a virtual standstill, businesses that relied on travellers and students from China are now fearing the worst as relations between Beijing and Canberra hit a new low.
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