Business
Small business data gives hope of a ‘quite-strong’ economic recovery post coronavirus lockdown – ABC News
Beating the health crisis created by the coronavirus allows for a relatively quick rebound in small business turnover and the broader economy, according to data from accounting software program Xero.
Data drawn from small businesses a key employer of millions of Australians is showing positive signs about an economic recovery post lockdown.
Key points:
- Victoria’s small business revenue is down 3.8 per cent compared to one year ago, but a rebound post lockdown could be fairly swift
- In the meantime the closure of the economy has impacted local real estate, with more homes on the market unable to sell
- Those businesses embracing technology have actually survived and th…
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