Economy

With job listings at a record high and the labour market tightening by the day, there is still cause for economic optimism in 2022. 

As the country faces simultaneous reports of labour shortages, job shortages and inflationary pressure, what will wages look like in 2022? 

Will U.S style inflation reach Australia’s shores? How inflation impacts businesses and how SMEs can prepare.

A weakened Australian Dollar may spell bad news for Australia’s economic recovery.

The central forecast is for underlying inflation to reach 2.5 per cent over 2023.

ABS data shows company profits have grown by 4 per cent, doubling the market expectation. Meanwhile, wages and inventory have fallen.

The U.S records worst inflation in more than three decades. Is Australia next?

The RBA board has decided to keep the official cash rate at 0.1 percent as it expects the economy to recover swiftly.

Australian interest rate markets remain poised for a far more aggressive hike path than the Reserve Bank (RBA) expects, report says

In the minutes of the Monetary Policy Meeting of the Reserve Bank Board, held on October 5th, Board members express uncertainty about Australia’s wage growth over the coming months. When comparing Australia’s wage inflation to other developed countries, members noted that reports of labour shortages caused by COVID-19 had not yet impacted wages. The minutes […]

Despite popular belief, economics is the study of choice rather than the study of money. Economists use money as a measurement for what choices individuals, businesses and countries are making. Understanding economic decision-making tools can help entrepreneurs and businesses to make the best choices when establishing their vision. The first economic tool entrepreneurs should understand […]

The economy is hard to measure. Today, the Australian Bureau of Statistics (ABS) released GDP data showing that Australia’s economy has been spared from a “technical” recession this quarter, with economic growth over the last four months sitting at 0.7%. However, this definition of a recession is flawed in its reliance upon a single data […]

When the economy hits a rough patch, small and medium businesses suffer first and often worse than their larger counterparts. But why is this, and how can consumers and businesses owners best withstand economic shocks?  Since the start of the pandemic, we have seen small businesses suffer through lockdowns, reduced capacities and COVID-19 restrictions. These […]

Business travel is an important part of Australia’s travel industry. With better COVID-19 management, business travel is being encouraged.

Take a look at what some of the businesses will do with their grants…

Whilst spending in the areas of childcare, aged care, disability and mental health featured favourably in the 2021 federal budget, when it comes to economic recovery measures for businesses there were notable exclusions.

The government has snapped up 25 million doses of the Moderna COVID-19 vaccine as part of its strategy to give Australians access to a variant vaccine.

The 2021 Federal Budget, it’s about all consumer confidence and jobs, jobs, jobs. Here’s a SME budget wish list.

The Australian government has announced major changes to its childcare subsidy ahead of the May 11 federal budget, but who will benefit from them?

Business Events Australia said it will be giving additional support to the sector through continued funding for its Bid Fund Program and Boost Program.