Business
Deloitte says 10% cent of Australian businesses to close due to COVID-19 – NEWS.com.au
Deloitte says 10 per cent of businesses could close due to impending September fiscal cliff
Economists have warned hundreds of thousands of Australian businesses could face imminent closure if COVID-19 support measures are tapered too early. A Deloitte Access Economics report has flagged nearly 10 per cent of the country’s businesses face the risk of failure if JobKeeper and loan repayment deferrals schemes end in September.
Deloitte noted an estimated 240,000 businesses predominantly in hospitality, professional services and transport industries were at high risk of closure.
JobKeep…
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