Business
Hard bump ahead? Drop in insolvencies and bankruptcies is a ticking time bomb – The Conversation AU
From some statistics 2020 looks like economic good times. Have relief measures averted economic pain or simply deferred it?
The vast arsenal of fiscal, monetary and legal measures used by Australian governments to offset the COVID-induced economic crisis have worked well. They did not prevent a recession (popularly defined as two quarters of negative GDP growth) but things could have been much worse.
What is particularly interesting is that the expected consequences have not shown up in the official statistics for financial distress insolvent companies entering administration and individuals declaring bankruptcy.
Indeed,…
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