Topic: Economics

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One million unemployed and record low wage growth

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

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?

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

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

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

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 ...

How global and Australian economic forecasts are changing

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

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

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...
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