Topic: Economics

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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...

Grim labour market as jobless rate hits 7.1 per cent

May’s Australian labour market report showed employment fell by more than 227,000 last month, while the unemployment rate rose to 7.1 per cent. It would have been much higher if the participation rate...

End of an era: Q1 fall in GDP signals end of recession-free run

Australia’s real GDP shrank by 0.3 per cent in the March quarter, signalling the end of almost three decades of recession-free growth. The March quarter also saw us record our fourth consecutive curre...

Global economy on rocky ground

Rising unemployment, falling oil prices and disruption to international trade — the coronavirus is likely to trigger a reset in the world economy.

Consumer confidence and ASX rise, construction spend falls

Consumer confidence rose again (just) for an eighth consecutive week and there are now accompanying signs of a recovery in consumer spending as captured by bank credit and debit card data. Financial m...

Is your audit committee asking these questions?

As audit committees navigate the practical challenges of accounting, reporting and disclosing the impacts of COVID-19 and new Accounting Standards for 30 June 2020, the following series of questions a...

Consumer confidence climbs but spending still low

A weekly measure of consumer confidence has now improved for seven weeks in a row. Even so, retail turnover collapsed in April. Payroll data continue to paint a bleak picture of the overall state of t...

Does your board have the STEM skills it needs?

Directors with a background in science and technology ask the "dumb" questions others don't. They are used to taking the emotion out of judgements and making hard decisions based on the evidence avail...
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