Confidence Lifts as Australian Economy Recovers

Confidence Lifts as Australian Economy Recovers
People shop at a Woolworths supermarket in Sydney, Australia, on March 17, 2020. Peter Parks/Getty Images
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Growing confidence among business and consumers suggests the recovery from Australia’s first recession in nearly 30 years is well under way.

National Australia Bank’s business survey shows confidence is at its highest level since mid-2019.