Australian business confidence reaches 31-month high | Sky News Australia

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Sky News contributor Peter Switzer says there is much to be positive about after an NAB survey revealed Australian business confidence is at a 31-month high.

Mr Switzer told Sky News the economy is reacting positively to advances in fighting the coronavirus. “I always understood that there was an economic implication if we can get vaccines happening because it returns the world to normalcy quicker than we expected,” he said.

“That’s why I said some companies like Webjet and Flight Centre and Qantas could be good investments because you get in early and you wait for the normalcy to come in faster than you expected and bang their share prices go up. "Everyone's seeing this normalcy comeback and the reopening trade to be a real pusher of the stock market in 2021".

 

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