Business
Businesses warn of more closures, job losses as support ends – Sydney Morning Herald
The warning comes as Treasury says its economic forecasts are at risk due to the fresh coronavirus outbreak across Victoria.
Investment plans are also being dropped, with 14 per cent saying they will reduce capital expenditure once government help finishes.
Forty-seven per cent of businesses reported a fall in revenue from the previous month and 27 per cent expect it to fall for the coming month while half believe it will be the same.
Separate ABS figures show new home approvals dropped by 4.9 per cent in June, taking them to their lowest level in eight years. Over the past two months, approvals have tumbled 20 per …
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