Tag: Australian Economy

Insights from CreditorWatch’s Chief Economist on Australia’s Economy and Business Landscape

According to CreditorWatch data, the manufacturing industry is one of the sectors with a consistently low chance of default, making this an advantageous time for Australia to capitalise on the expanding need for domestic manufacturing capacity.

The jobless rate in Australia fell to 3.5 per cent, the lowest level in 48 years, however, Anneke Thompson, Chief Economist, CreditorWatch observes that the economy is still facing many challenges.

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

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

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

New research by Banjo Loans reveals that many small to medium-sized Australian businesses are feeling positive about the road ahead.

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

The Digital Economy Strategy will see a further $800 million added to measures put forth in the 2020 Budget, aiming to make Australia one of the world’s leading digital economies.