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Economy
RBA Deputy Guy Debelle All Praise for Policymakers’ Role in COVID-19 Recovery
October 22, 2020 04:24 PM AEDT| By Team Kalkine MediaSpeaking at FX Week Australia 2020, the RBA Deputy Governor Guy Debelle applauded the central banks and governments’ swift action against the COVID-19 crisis. Mr Debelle hailed the quick recovery in market conditions after sharp deterioration.....
At E-Commerce Summit, Scott Morrison eyes a digital decade for Australia
October 21, 2020 05:25 PM AEDT| By Team Kalkine MediaPrime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit at Parliament House in Canberra, he highlighted the adoption of digital technologies by businesses a...
Australia Gears up for Tourism 2.0: What’s Lies Ahead?
October 17, 2020 04:51 AM AEDT| By Team Kalkine MediaTourism plays a substantial role in Australia’s overall economy. The sector is a large contributor to GDP as well as employment. Right when the bushfires were receding from the headlines, progressive social distancing and travel restrictions.....
Unemployment Rate Goes North in September post Strong August Showing
October 16, 2020 05:59 PM AEDT| By Team Kalkine MediaEconomic analysts are pondering over the headline estimates of unemployment released by the Australian Bureau of Statistics. Australia’s unemployment rate grew 0.1% pnts to 6.9% in the month of September. According to ABS, 29,500 people.....
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Key Takeaways from Phillip Lowe’s stance on rate cuts and stimulus
October 16, 2020 02:25 PM AEDT| By Team Kalkine MediaRBA Governor Phillip Lowe hinted at the possibility of future rate cuts in his latest speech at Citi’s 12th Annual Australia and New Zealand Investment Conference in Sydney. Governor Lowe said that further aid is needed in order to promote mo.....
Zoom Your Lens Over Bright Spots Dazzling in the NZ Economy
October 15, 2020 04:19 PM AEDT| By Team Kalkine MediaWhile Kiwi Land observed its worst economic contraction in June 2020 quarter amidst COVID-19-driven repercussions, the nation’s economy appears to be gradually resurrecting from the technical recession. NZ’s dedicated response in contai.....
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October Financial Stability Review: Banks Performing Better Than 2008 GFC
October 12, 2020 05:28 PM AEDT| By Team Kalkine MediaRecovering from the after-effects of a pandemic requires robust measures in all sectors. With international borders shut for months now, Australia has seen a demand shock coupled with an unparalleled unemployment rate. The economic contraction obse.....
How is the negative interest rate prospect panning out for Australia?
October 11, 2020 01:46 AM AEDT| By Kunal SawhneyThe debate on whether negative interest rates can lead the economy to an upward leading cusp has taken an impetus in times of a pandemic. RBA has shown intermittent interest in maintaining a negative interest rate and is sitting on the fence when i.....
Did You Miss Australia’s Trade Surplus Data? Read On!
October 11, 2020 01:37 AM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) recently published the Trade Accounts statistics for August 2020. The trade account surplus has fallen over the course of one month from 4,652 million in July 2020 to 2,643 million in August 2020. These sta.....
Industry Reviews on Federal Budget 2020
October 09, 2020 02:01 PM AEDT| By Team Kalkine MediaThe federal budget for 2020-21 released by Treasurer Josh Frydenberg is under the spotlight amid its intended pros and cons. Undoubtedly, the federal budget aims to protect the Australian economy from the mayhem caused by the pandemic. With major f.....
Is Federal Budget 2020-21 pandemic friendly?
October 08, 2020 07:45 PM AEDT| By Team Kalkine MediaAustralian economy, which started on a recovery journey after a contracting June quarter, is experiencing a slowdown post Victorian lockdown. While RBA kept the interest rates unchanged in its latest meet, rollout of Budget 2020-21 remained the key.....
6 ASX stocks for your portfolio after Federal Budget 2020-21 – APT, NXT, XRO, TCL, SKI, MGR
October 08, 2020 06:57 PM AEDT| By Team Kalkine MediaOn 06 October 2020, the Australian Government released its FY2020-21 budget where it discussed its economic recovery plan. Like most countries across the globe, Australia also experienced a significant impact on its health system, community, and e.....
Zooming the Lens on Australia’s Housing Market
October 07, 2020 05:29 PM AEDT| By Team Kalkine MediaWith the economy locked in a crisis mode, Australia’s struggle to stabilise its property market continues as housing prices show a downward streak at the national level for the month of September. Housing prices declined by 0.1% nationally in.....
Australian Economy: RBA toes the line, keep the rates unchanged at an all-time low
October 07, 2020 04:16 PM AEDT| By Team Kalkine MediaAs largely expected, the Reserve Bank of Australia (RBA) kept monetary policy setting untouched at the October Monetary Policy Decision on 6 October. These unchanged parameters include cash rate target, the yield on three-year Australian Government.....
Real Estate Price Uptick for a Third of Capital Cities in September
October 07, 2020 12:10 AM AEDT| By Team Kalkine MediaReal estate industry, like several other sectors, experienced adverse impacts, owing to the COVID-19 pandemic. The Australian real estate sector also witnessed subdued demand, with major impacts seen in capital cities. Housing values in September .....
Short on Foreign Workers, Farming Sector A New Ray Of Hope for People on JobSeeker
October 03, 2020 12:58 AM AEST| By Team Kalkine MediaThe pandemic has redefined all sectors; its effects have forced countries to focus on strengthening domestic primary industries than globalisation. When the COVID-19 crisis began in 2020, the world experienced an unprecedented situation that was f.....
Is the Australian real estate sector likely to get out of the woods in 2021?
September 29, 2020 03:46 AM AEST| By Team Kalkine MediaLike many other sectors in Australia, the real estate industry has also been adversely impacted by the coronavirus pandemic. For many years Aussies saw stability in home prices, but because of the dramatic slump in the country's population, the pri.....
Is the travel bubble between Australia and New Zealand likely to go ahead?
September 28, 2020 03:58 PM AEST| By Edita IvancevicFive months after the first discussion regarding safe travelling between Australia and New Zealand, it may finally happen. As the coronavirus situation within Australian borders seems to be improving, New Zealand has been open for negotiations, an.....
Hey Folks, Know What’s New in the Australian Travel Industry!
September 26, 2020 04:54 PM AEST| By Team Kalkine MediaUndeniably, the COVID-19 pandemic has left the Australian travel industry in dire straits amidst stringent border restrictions and widespread job losses. While the industry is moving heaven and earth to restore to normalcy, there is still a long wa.....
Economic Charter Under the Scanner; All Eyes on RBA Rate Cut Bets
September 25, 2020 04:18 PM AEST| By Team Kalkine MediaThe analysts are tailoring rising expectations of a cash rate cut and lower yield curve target by RBA in its October meeting. Recent economic data has further enhanced the speculations. August value of exports dipped by 2% M-o-M, while impor.....
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