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Economy
Is Australia facing a fear of recession in 2022?
April 16, 2022 12:46 AM AEST| By Akanksha VashishtHighlights As supply-side pressures are prompting a rise in the prices of goods and services, fears surrounding recession have surfaced again in the global economy. A technical recession is defined as the period where economic growth runs negat...
AU Election 2022: Does Morrison govt want to cash in on national security?
April 15, 2022 12:49 AM AEST| By ManishaThe ongoing Russia-Ukraine war and other escalating global tensions highlight why every country needs to shore up its defence strategies and fuel national security wings. The subject has become even more significant in Australia as national electio.....
Jobless rate remains steady in March, what to expect from interest rates?
April 14, 2022 02:41 PM AEST| By Akanksha VashishtHighlights The unemployment rate remained at a 14-year low of 4% in March 2022. The jobless rate for women fell faster than that for men, reflecting a continuing trend from last month. Given the labour market’s strength, the RBA could co.....
Why are Australian mortgage rates going through the roof?
April 14, 2022 12:48 PM AEST| By Akanksha VashishtHighlights Property prices have risen steadily since the onset of the pandemic amidst record-low interest rates. The latest data from the RBA reveals that variable and fixed rates have increased over the past one month. Unlike fixed-rate mortg.....
Westpac consumer sentiment report out for April: All you need to know
April 13, 2022 03:34 PM AEST| By Akanksha VashishtHighlights Westpac Banking Corporation (ASX:WBC) has recently released its monthly consumer confidence report for April 2022. Consumer sentiment took a small hit in April, compared to a steep fall of 4.2% seen in March. The recently announced .....
Jobs back on Scott Morrison’s federal election agenda
April 12, 2022 07:28 PM AEST| By Akanksha VashishtHighlights Prime Minister Scott Morrison promised the creation of additional jobs during a speech ahead of the Federal elections. PM Morrison has placed job creation at the centre of his electoral campaign. Opposition leader Anthony Albanese w.....
Three takeaways from NAB’s March 2022 business survey
April 12, 2022 04:04 PM AEST| By Akanksha VashishtHighlights Business confidence and conditions bounced back to pre-Delta levels in March 2022. Business conditions were the sharpest to rise in retail, followed by the finance, business and property sector. Confidence rose sharply across the tr.....
Should Australia follow Canada in banning foreign real estate buyers?
April 12, 2022 01:54 PM AEST| By Akanksha VashishtCanada has responded to rising house prices, introducing a ban on foreign investors from buying homes in the country. The two-year ban has been announced to ease the unaffordability constraints faced by domestic residents. However, the latest move .....
Will rising interest rates bring turmoil for Aussie mortgage payers?
April 09, 2022 12:54 AM AEST| By Akanksha VashishtHighlights Banks have brought forward their projections for an interest rate hike by the central bank. Rising inflation and cost of living pressures have fuelled earlier rate hike expectations. A potential increase in interest rates could pile.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
How soon will Aussies receive the AU$250 cost of living cash payment?
April 06, 2022 01:08 PM AEST| By Akanksha VashishtHighlights The Morrison government would be distributing a one-off payment to Aussies by the end of this month. The payment would only be paid once irrespective of whether individuals are under the list of vulnerable Aussies and also a concessi.....
Key takeaways from RBA's April monetary policy meeting
April 05, 2022 04:34 PM AEST| By Akanksha VashishtThe Reserve Bank of Australia (RBA) has announced its third monetary policy decision for 2022 today, i.e., 5 April. Largely in line with market expectations, the RBA has kept the cash rate steady at ten basis points and the interest rate on Exchang.....
What does Australia’s debt mean for taxpayers?
April 05, 2022 06:00 AM AEST| By Toshiva JainHighlights Prices are skyrocketing in Australia along with increasing debt. Australia is one of the topmost pandemic era spenders, operating at an almost 0% interest rate. The recent budget revealed that taxpayers wouldn’t be burdened wi.....
How Australia's big four banks are preparing ahead of anticipated rate hikes?
April 04, 2022 02:47 PM AEST| By Akanksha VashishtHighlights The big four banks have lowered their variable mortgage rates ahead of the central bank’s possible rate hike decision. Commonwealth Bank of Australia (ASX:CBA) is the latest big four bank to decrease its lowest variable rate fo.....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
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Will Australia’s budget spending stoke inflation?
April 02, 2022 05:53 AM AEDT| By Akanksha VashishtHighlights The government has introduced fuel tax cuts and expanded the Paid Parental Leave scheme under the new budget. As per historical evidence, demand-driven policies can create further inflationary pressures. It will be enticing to see h.....
Budget 2022-23: What's in it for Australia’s digital space?
April 02, 2022 05:04 AM AEDT| By Mohammad ZaidHighlights The 2022 pre-election budget focuses on digital transformation and increased tax concessions for small businesses. The budget also promises AU$1 billion for a new technology investment boost and to encourage small businesses to embra.....
Who is Michele Bullock, the first female RBA deputy governor?
April 01, 2022 11:22 AM AEDT| By AshishHighlights Michele Bullock has been appointed as the new deputy governor of the Reserve Bank of Australia. Bullock will replace retiring deputy governor Guy Debelle. She joined the Australian central bank in 1985 as an analyst....
How is Australia’s current economy? A quick glance at 3 economic indicators
March 31, 2022 03:12 PM AEDT| By Akanksha VashishtHighlights Australia’s dwelling approvals rebounded in February 2022 after a dip in January. Job vacancies significantly improved over pre-pandemic levels, with the RBA projecting a drop in the unemployment rate to below 4% in 2022. High.....
When will Australia’s petrol prices come down?
March 31, 2022 01:59 PM AEDT| By Akanksha VashishtPetrol prices have taken a dangerous leap amidst the Russia-Ukraine war. The cost of living has been gravely affected by soaring inflation levels seen due to supply-chain constraints. However, as cheaper fuel becomes a distant reality, the Australi.....
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