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Last week’s national accounts confirmed that Australian corporations have made like bandits during the coronavirus pandemic with total gross operating profits soaring by 11% in the year to March 2021 in rolling annual terms:
Total company profits have boomed during the COVID-19 pandemic.
Company profits were obviously boosted by government stimulus, in particular:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.