Australian Treasurer Josh Frydenberg is optimistic about the nation’s strong road to economic recovery. Frydenberg said new Treasury data revealed that insolvencies are 40 percent lower over the past year, job ads are 30 percent higher than the pandemic’s start. At the same time, the unemployment rate is at 4.6 percent. “It’s another proof point that Australia’s economic recovery is on track,” he told Nine Network on Monday. Frydenberg said Australia’s high vaccination rates, which hit 80 percent on Saturday, combined with strong economic recovery figures, have led to the Reserve Bank of Australia upgrading their economic outlook for next year. He added that economic support from the government helped boost household balance sheets, with household disposable income now 6 percent higher than pre-COVID-19 levels. “So I’m really optimistic. I’m upbeat about the Australian economy going into Christmas and beyond,” Frydenberg said. Shadow Treasurer Jim Chalmers accused the federal government …