The precentage of loans on moratorium in Australia during the initial shock of COVID-19 compared favourably to other APAC countries
During the peak of the pandemic, Malaysia put 80% of its loans on deferral, India 50% and Thailand 31%. Australia had 10% of loans on deferral.
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61% of all new business loans during the first 300 days of the COVID-19 pandemic were to small or medium sized enterprises.
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The number of bank COVID-19 loan deferrals dropped from almost a million in June 2020 to around 30,000 in October 2021.
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COVID-19: agri exports
Beef/Cattle exports sharply declined at the onset of the COVID-19 pandemic, but rebounded with wool, wine and seafood.