The Reserve Bank says the economy could start to bounce back in the September quarter as government begins to ease coronavirus restrictions towards the middle of the year. RBA Governor Philip Lowe said easing COVID-19 restrictions will undoubtedly help the economy, though moving too quickly could entrench an already disastrous decay in jobs, wages, inflation, and […]
The Morrison government’s economic plans to mitigate coronavirus challenges is a timely, sensible and proportionate response, however there are bigger concerns not addressed. Through constant communication with our client base of over 58,000 Australian SMEs, we have seen that almost every business is severely impacted by the unfolding COVID-19 recession. The stimulus packages and plans, […]
Australian business leaders and regulators are trying everything in their power to prevent financial ruin from the coronavirus pandemic. Dedicated shopping hours for people with disabilities, social distancing at casinos and emergency cash injections by regulators – Australian business is responding to the coronavirus pandemic in inventive ways. COVID-19’s impact on Australia is changing daily life […]
Thought leadership byline: Sam Fitzpatrick, Agribusiness Lead, Western Union Business Solutions Agribusiness in Australia: the lay of the land Australia’s agribusiness sector is currently estimated to be worth $256 billion,[1] with the economic impact reaching communities around the country. Currently more than two thirds of agricultural commodities produced on Australian farms are exported each year, with production […]
Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household […]
Analysts are increasingly confident the RBA will move rates for the first time since August 2016 on Tuesday in a bit to reignite stalling economic growth. The Reserve Bank cash rate could change for the first time in nearly three years this week with a cut to a new record low a real possibility after […]
Consistent strength across the board sees NSW retain pole position according to CommSec’s latest State of the States report released today. Of the key economic indicators considered in the report – including economic growth, retail spending, and unemployment – NSW is consistently strong, ranking second in seven of the eight indicators. Treasurer Dominic Perrottet said […]
Small and medium business (SMB) confidence has risen to a five-year high, largely due to an improved economic outlook, according to the latest Sensis Business Index survey. The views of 1,000 SMBS were captured by the Index, which is released by Sensis each quarter. The latest survey found that 60% of SMBS are confident while […]
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