Published On: Tue, Oct 19th, 2021
World | By

Australians Can Look Forward to a ‘Bright Summer’ as Economy Strengthens: Frydenbergon October 19, 2021 at 5:33 am

Share This
Tags

Australian Treasurer Josh Frydenberg said Australians could look forward to a “bright summer” as COVID-19 restrictions ease across the states and the economy recovers. Frydenberg told parliament during question time that the federal government had already spent $17 billion to support the households and businesses during the pandemic. “This has helped support households and businesses in their hour of need and ensure that our economy is primed for a strong recovery,” he said. Frydenberg noted that New South Wales (NSW), which began reopening on Oct. 11, recorded positive data during its first week after lockdown. According to the National Australia Bank credit data, people in the state spent $825 million (US$614.5 million) during the week, a 54 percent increase compared to the week before and a 10 percent increase compared to the same time last year. Spending figures also increased by over 500 percent at beauty stores and over 300 …

Cirtrus.com: Save 10% on Citrus trees with code CITRUS

About the Author

-