#Stimulus Package
Economic outlook deteriorates
The latest Dun and Bradstreet Business Expectations Survey has revealed that the economy will continue to slide into recession, with the worst yet to come. Expectations for the June 09 quarter are less than promising, with 57 percent of businesses anticipating declining sales and 65 percent expecting declining profits. The sliding Aussie dollar has also […]
Forecast says retailers to struggle until 2011
The Federal Government’s stimulus package will not contribute to a revival of the retail sector, according to a recent forecast issued by consultancy Access Economics.
Cash bonus to kick in: spend or save?
With the Federal Government’s $900 cash bonus – part of the $42 billion stimulus package – hitting consumer bank accounts today, research conducted by the Australian National Retailers Association (ANRA) has shown that people are divided on whether to spend the money or save it. The ANRA consumer sentiment survey has shown that 22 percent […]
Small businesses unimpressed by Rudd
In his address at the NSW Chamber of Commerce luncheon in Sydney yesterday, Rudd spoke of the financial crisis and the need for all Australians to work together to get through the downturn. Small business owners were left unimpressed by his address, according to Sydney Morning Herald reports, with one business owner claiming the speech was “all spin and no substance.”
Wayne Swan predicts recession not far off
Treasurer Wayne Swan has predicted that the economy is set to nosedive even further in the next few months as the backlash of the failing US and Asian economies hits Australia. Swan warned that the collapse of output amongst Australia’s major trading partners will have a dramatic impact on our economic growth. Growth in the […]
Turnbull opposes stimulus package: Small business may suffer
Opposition Leader Malcolm Turnbull has not only rejected the Federal Government’s stimulus package but has suggested that the Government pay the superannuation obligations of a range of businesses, causing outrage with Senator Nick Sherry, Minister for Superannuation and Corporate Law, believing Turnbull has not given enough thought as to how it will affect small business. […]
$42 billion stimulus package to fight recession
A second stimulus package, worth $42 billion, announced yesterday by the Federal Government will push the budget into deficit but will assist in the fight against recession says Prime Minister Kevin Rudd. “I don’t like being in deficit at all. This is not a question of choice. This is what we are required to do,” […]