On paper, the Australian economy seems to be going pretty well.

We learned last week that we avoided a recession in the second quarter of this year, and according to the latest calculation of the Bureau of Statistics the unemployment rate is a healthy 4.6%.

But with half the country in lockdown and the other half all but hermetically sealed from everywhere else, is that really the full picture?

Today on The Signal, we catch up with the ABC's Business Editor Ian Verrender.

We hear about what the latest numbers tell us, what they don't, and what may lie ahead.

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Ian Verrender, ABC Business Editor