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Economy
Will the Omicron variant derail Australia’s labour market recovery?
December 22, 2021 05:14 PM AEDT| By Akanksha VashishtHighlights The labour market seems to be ending the year on a positive note as overall employment reaches a record high and payroll jobs inch up. As per the RBA, the behaviour of wages remains largely unpredictable. The Australian Chambe.....
Australia sees a sharp rebound in payroll jobs in November
December 22, 2021 01:38 PM AEDT| By DaminiHighlights As per ABS, payroll jobs increased by 0.3 per cent in the fortnight up to 27 November 2021. The labour market bore the brunt of the pandemic-induced lockdowns prior to November. Part-time jobs declined more than full-time jobs durin.....
Will the RBA tighten monetary policy anytime soon?
December 21, 2021 08:09 PM AEDT| By Akanksha VashishtHighlights The Reserve Bank of Australia (RBA) seems optimistic that quantitative easing could come to an end in 2022. Due to changing headwinds, a clearer viewpoint on policy action could be expected in February 2022. The central bank does no.....
World Inequality Report 2022
December 19, 2021 12:10 AM AEDT| By Toshiva JainWe are residing in the hyper-capitalist world. Here, who earns more, owns more assets; and thus, lives a more comfortable life. We as a society have collectively chosen this kind of living, discarded the barter system and now sustained on the legal.....
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4 financial moves to make before the year ends
December 18, 2021 12:00 AM AEDT| By AshishHighlights At the end of a year, people generally review their financial performance of the past 12 months. They do so to learn from their mistakes and enter the new year in the best possible financial position. They also want to take th.....
Is the sun shining again on the battered Australian travel sector?
December 17, 2021 01:52 PM AEDT| By DaminiHighlights Australia has recently decided to move ahead with the next stage of its border reopening. Qantas has planned to soon extend the airline’s services to offer Aussie’s only direct flights to continental Europe. Australian t.....
What does Frydenberg’s MYEFO say on the Australian economy?
December 16, 2021 04:56 PM AEDT| By Sukriti NairHighlights Mid-Year Economic and Fiscal Outlook (MYEFO) is out today. Treasury updates on million new jobs and wage rate forecasts. The Mid-Year Economic and Fiscal Outlook (MYEFO) revealed a recovery from COVID-19 recession. The MYEFO bud.....
Australia’s housing market strength reflecting in household wealth
December 16, 2021 04:32 PM AEDT| By DaminiHighlights Australia’s total household wealth surged by 4.4 per cent in the September 2021 quarter. The uptick in household wealth was primarily driven by a rise in residential property prices. Australia records the highest annual sales .....
Easing lockdown restrictions bring improving employment conditions for Australia
December 16, 2021 02:22 PM AEDT| By Akanksha VashishtHighlights The latest data from the ABS suggests an improvement in labour market recovery in November. As businesses resumed operations in a slowly opening economy, the labour market recorded an increase in employment numbers. Slowly rising wa.....
How COVID-19 pandemic impacted working arrangements in labour market
December 14, 2021 07:58 PM AEDT| By Akanksha VashishtHighlights The work from home setup has considerably increased over the past year as the businesses redefine working arrangements. Employee earnings have risen, though many jobs have been lost in the casual labour market segment. The los.....
Australia records low overseas travel in October, travel stocks slump
December 14, 2021 04:09 PM AEDT| By Akanksha VashishtHighlights The Australian Bureau of Statistics (ABS) has released the overseas travel data for October 2021. Western Australia is expected to open interstate and international borders from 5 February 2022. Stocks of major travel players were d.....
Australia beefs up its army, inks AU$1 billion deal with S Korea
December 14, 2021 03:26 PM AEDT| By AayushHighlights Australia has signed a AU$1.01 billion defense deal with South Korea. Under the defence deal, South Korean company Hanwha will provide artillery weapons, radars and vehicles to the Australian army. Earlier, Australia has announced t.....
Qantas (ASX:QAN) eyes major aircraft fleet overhaul; details here
December 13, 2021 03:49 PM AEDT| By AshishDespite being battered by COVID-19 induced travel restrictions, Qantas Airways Ltd (ASX:QAN) is all set for a multibillion-dollar facelift. Aiming to spruce itself up for future, the airline company is about to close a deal to overhaul its domestic.....
More tax cuts in store for Aussies?
December 13, 2021 02:40 PM AEDT| By AayushMore tax cuts could be on the cards as the Australian government increases its economic support amid border reopening. However, Treasurer John Frydenberg refrained from making any specific comments about the same. Talking to Today show, Frydenberg.....
IMF's Gita Gopinath warns Omicron may cost global economy extra AU$7 trillion
December 10, 2021 12:56 PM AEDT| By AshishThe International Monetary Fund (IMF) has warned that the COVID-19 pandemic could turn out to be far more costly than estimated. The latest coronavirus variant Omicron could cost the global economy an additional US$5.3 trillion (AU$7.4 trillio.....
Is the RBA's latest cash rate decision justified?
December 09, 2021 06:45 PM AEDT| By Akanksha VashishtHighlights RBA’s decision to keep the cash rate at ten basis points did not come as a surprise. The Omicron variant is the new source of uncertainty for the RBA, which could hamper the economy’s strong rebound. Now that the RBA has.....
Is the Australian labour market recovery losing momentum?
December 09, 2021 04:22 PM AEDT| By Akanksha VashishtHighlights The latest data from the ABS suggests a slowdown in payroll jobs growth in early November. The payroll jobs recovery decelerated following strong growth in the second half of October. It remains to be seen if the new Omicron variant.....
Will Omicron variant derail Australia's economic recovery?
December 07, 2021 09:41 PM AEDT| By Akanksha VashishtWhile the Omicron variant has caused much stir across different parts of the globe, Australian policymakers continue to debate whether its impact will be damper relative to the Delta variant. The new variant has hit the country at a time that was s.....
What to expect from RBA’s monetary policy meet this week?
December 06, 2021 05:03 PM AEDT| By Akanksha VashishtAs the Reserve Bank of Australia’s (RBA) last monetary policy meet for the year is approaching closer, a wave of new forces has seeped into the economy that may influence the policy decision. This includes the influx of the Omicron variant an.....
2021 saw more women filling up ASX boards; here’s what changed
December 06, 2021 03:37 PM AEDT| By AshishIn what sounds like a resounding thud of Australian women shattering the proverbial glass ceiling, Australia is now one of the three countries globally to have female representation of over 30% on top company boards without gender quotas. Over the .....
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