Economy

Good News: AUD/USD Rallies to its Highest Since March 2018

The Australian dollar has gained immense strength against the USD as AUD/USD is currently trading at 0.78, its highest level since March 2018.  T...

International trade surplus trims by $1.5 billion in November 

Australian Bureau of Statistics (ABS) has released International trade data for November 2020. On a seasonally-adjusted basis, the Australian trade su...

Australia beefs up safety measures amid fears about new coronavirus...

In the wake of rising cases of the new coronavirus strain in the UK, Prime Minister Scott Morrison has decided to strengthen the international travel...

Australian job ads soar to 18-month high: What does it mean for econ...

With job advertisements hitting an 18-month high in December, the economy is expected to see a sustained recovery in employment going ahead. According...

What’s the reason behind the rally in Perth’s real estate prices?

s, sellers, and investors, who are likely to purchase investment properties. Experts believe that properties in Perth will increase by 10 per cen...

How Did Australian Economy Sail Through 2020?

The global economy saw many firsts in the year 2020. The world saw historically low growth levels, high unemployment, ultra-low interest rate regime a...

Reasons and forecasts of Australian economy’s recovery

The government projections for the fiscal year 2020-21 have shown that the economy is bouncing back. The mid-year economic and fiscal outlook presente...

How 2020 Panned Out for Interest Rate Scenario Across Major Economie...

Central banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countri...

How does a stimulus boost an economy?

An economic stimulus refers to the action wherein a government provides a package to the consumers by utilising different policies. A stimulus include...

How Central Banks Changed the Course of 2020?

Central banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the...

Deadline looms for superannuation early release scheme

Superannuation early release scheme is set to end on 31 December 2020. The scheme was introduced in March after job losses soared in the wake of natio...

Australian government throws its weight behind the mining industry

The Australian government has taken a series of steps to reinvigorate the mining industry from the abyss of pandemic-induced downturn. Overall, there...

As 2020 Nears An End, What Are Emerging Signs Of Economic Recovery I...

The Australian economy has been on its recovery path since the September 2020 quarter. Notably, statistics continue to improve with time. Current stat...

Electricity Price set to fall says AEMC

Thanks to the penetration of solar rooftop panels and its integration into the national grid system, the average household electricity bills are estim...

COVID-19 impact: Passenger vehicle use plummets, road freight grows

Australia saw a sharp fall in the usage of passenger vehicles in 2020, courtesy coronavirus pandemic and natural disasters such as floods, bushfires,...

What is driving Sydney’s luxury housing market?

Australian property market is seeing a strong revival after remaining under stress in 2020 due to the coronavirus pandemic. With national home values...

COVID-19 impact: Weekly payroll jobs fall, accommodation and food se...

A fall of 2 percent was seen in payroll jobs between the week that ended 14 March 2020 and the week ended 28 November this year. Coronavirus pandemic...

RBA welcomes two new women members to the Board

The Federal Government has appointed two new members on the Reserve Bank of Australia Board each for a period of five years. Image source: Megapixl...

Climate Change Goal Discussed at ANZ AGM, Transition Planning Disclo...

Australian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voti...

ACCC sues Facebook, alleges VPN app misled users

The Australian Competition and Consumer Commission (ACCC) has sued Facebook for collecting user data without their permission and knowledge. The comp...