The Economy of Australia during COVID
When it comes to the stock market, Australia’s largest companies are amidst ones that have been affected the most by the COVID and recession that hit for the first time after 30 years. Although they were initially fighting with the virus very carefully and smartly, the second outbreak put 5 million people into a lockdown. We should mention that this is again the most massive deficit even for Australia’s budget since World War II. They are trying to put the money into health care so the situation can gradually get better. Even various companies have raised around $14.2 billion, so they could fight the global economic crisis. Here are five critical things during the resurgence:
Virus reappearance
For a short while, things were coming back to normal in various parts of Australia,...