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One million unemployed and record low wage growth
14 August 2020 | Mark Thirlwell MAICD
July’s labour market report delivered stronger employment growth, a lower unemployment rate and a higher participation rate than had been expected. But it also left more than one million Austral...
JobKeeper expanded as growth expectations scaled down
7 August 2020 | Mark Thirlwell MAICD
The government has eased eligibility requirements for the JobKeeper program as intensified public health measures in Victoria have prompted Treasury to scale back its forecasts for Australian GDP grow...
Will the COVID-19 recession trigger a new era of structural change?
1 August 2020 | Mark Thirlwell MAICD
Healthcare, pharmaceuticals and technology are in the spotlight as the world adjusts to rapid structural change brought on by the COVID-19 recession, says AICD chief economist Mark Thirlwell.
Dropping into deflation as CPI Index falls
31 July 2020 | Mark Thirlwell MAICD
Australia’s consumer price index fell by a record-breaking 1.9 per cent in the June quarter. Payroll jobs have now fallen for the last three weeks. Consumer confidence continues to erode. Dwelling app...
ASIC must show more leadership on forward disclosure
28 July 2020 | Angus Armour FAICD
Companies have to make tricky investment decisions in the post-virus world. The changes do not amount to a 'watering down' of disclosure requirements.
An ocean of red ink to save the economy from COVID-19
24 July 2020 | Mark Thirlwell MAICD
The government delivered its much-anticipated Economic and Fiscal Update this week. Ambitions of budget surpluses are now a vanishing dream as Canberra contemplates a deficit expected to approach ten ...
Stay up-to-date with AICD podcasts
23 July 2020
Get the latest news for directors with AICD podcasts.
How global and Australian economic forecasts are changing
6 July 2020 | Mark Thirlwell MAICD
Chief Economist Mark Thirlwell looks at the latest IMF report on the global economic outlook as well as Bloomberg's monthly forecast on Australia's projected growth.
Confidence wobbles as COVID cases climb
3 July 2020 | Mark Thirlwell MAICD
Consumer confidence dropped in response to the rising number of COVID-19 cases in Victoria. Payroll data suggest that the labour market has continued to recover gradually from its earlier collapse, bu...
Global gloom but forecast upgrades for Australia
26 June 2020 | Mark Thirlwell MAICD
New CBA data suggests private sector services activity in Australia rebounded this month. Total job vacancies suffered an unprecedented fall in the three months to May. Preliminary data suggest retail...