The 2020-21 Budget delivers the biggest Australian deficit since World War 2. The Government’s fiscal stimulus of $51 billion during the GFC pales in comparison to the $257 billion in spending unveiled by the Treasurer yesterday. We asked leading Australian economists for their first impressions on the budget and how it affects business investment in […]
How will these changes affect small business?
In yet another blow to the economy, Australia’s unemployment rate has hit 5.2 percent. Data released today by the ABS has shown that 53,800 jobs were lost in February, the biggest drop in full-time positions since mid-1991. The unemployment rate has increased by 0.4 percent in the last month alone, but is set to rise, […]
Reports of the death of manufacturing have been greatly exaggerated, believes Ian Murray, executive director of the Australian Institute of Export (AIEx), citing advanced manufacturers Cochlear and Resmed as examples of companies that still produce in Australia, during yesterday’s panel session of the AIEx’s ‘Managing your export business in a turbulent global environment’ conference. Panellist […]
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