The world is awash with money as governments everywhere fire up the printing presses. How well it is targeted will determine whether the aftermath is a debt hangover or an economy with stronger foundations.

According to the latest Roy Morgan figures, more than 60 per cent of all Australian businesses are feeling the effects of the COVID-19 downturn. Some industries, especially tourism and travel, are catastrophically hit. Others are feeling the flow-on effects of reduced demand for their services by the most affected sectors. Eventually almost all businesses will be forced to confront the challenges of the downturn. Redundancies are inevitable.