Tag: Global Economy

Business leaders in Australia and worldwide expect a short and moderate global recession in the next 6-12 months.

The World Economic Forum’s Global Risks Report 2021 has unveiled an alarming risk outlook of short-term healthcare battles and long-term environmental damage and social fragmentation. “The immediate human and economic cost of COVID-19 is severe. It threatens to scale back years of progress on reducing poverty and inequality and to further weaken social cohesion and […]

With the global economy looking fragile and one of Australia’s largest trading partners, China, slowing down, it’s important for Australian business decision-makers to re-evaluate their position as the new financial year begins, according to Atradius. Mark Hoppe, managing director, Oceania, Atradius, said, “The start of the new financial year is traditionally an ideal opportunity for […]

New research published this month reveals the six ‘megatrends’ that are fundamentally transforming the global business environment.

Local SMBs are turning to global sourcing at a growing rate to bring down the costs of doing business, which is blurring the defined borders of international markets. Sourcing internationally isn’t without risks though, which makes it important that businesses learn how to vet suppliers and improve their financial awareness.

The global financial crisis is really starting to hit home with the World Bank predicting the global economy will shrink for the first time since World War II. The World Bank is predicting the crisis will force another 46 million people into poverty and developing countries will experience possible political unrest. The bank’s president Robert […]

Calls from unions to ‘Buy Australia’ to stem job losses and save what’s left, has been dismissed by industry groups, claiming it won’t stop jobs from being cut. The Textile, Clothing and Footwear Union has urged the Federal Government to guarantee redundant workers full entitlements and suggested that people buy Australian goods to support local […]

With the global financial crisis affecting struggling businesses now more than ever, it is time for business owners to take back control with a ‘can do’ attitude to focus on how they can make their business a success, rather than agonise over factors beyond their control such as interest rates and the state of their […]