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A ticking time bomb: Why the economic stats for 2020 were so misleading

A ticking time bomb: Why the economic stats for 2020 were so misleading
Kevin Davis
Source: AAP/Bremdon Thorne.
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, a misleading impression of 2020 being one of ‘economic good times’ could be gained from the statistics. ....

Bremdon Thorne , Investments Commission , Australian Financial Security Authority , Australian Securities , Australian Financial Security , முதலீடுகள் தரகு , ஆஸ்திரேலிய நிதி பாதுகாப்பு அதிகாரம் , ஆஸ்திரேலிய பத்திரங்கள் , ஆஸ்திரேலிய நிதி பாதுகாப்பு ,

Hard bump ahead? Drop in insolvencies and bankruptcies is a ticking time bomb

Hard bump ahead? Drop in insolvencies and bankruptcies is a ticking time bomb
theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.

Investments Commission , Australian Financial Security Authority , Australian Securities , Australian Financial Security , முதலீடுகள் தரகு , ஆஸ்திரேலிய நிதி பாதுகாப்பு அதிகாரம் , ஆஸ்திரேலிய பத்திரங்கள் , ஆஸ்திரேலிய நிதி பாதுகாப்பு ,

Hard bump ahead? Decline in insolvencies and bankruptcies is a ticking time bomb

From some statistics 2020 looks like economic good times. Have relief measures averted economic pain or simply deferred it? ....

Investments Commission , Australian Financial Security Authority , Australian Securities , Australian Financial Security , Australia Economy , Covid 19 , Jobkeeper Payment , முதலீடுகள் தரகு , ஆஸ்திரேலிய நிதி பாதுகாப்பு அதிகாரம் , ஆஸ்திரேலிய பத்திரங்கள் , ஆஸ்திரேலிய நிதி பாதுகாப்பு , ஆஸ்திரேலியா பொருளாதாரம் ,