$69 postpage LB

Why Australian households will miss out $102 bn of income? WATCH NOW!

  • May 07, 2020 08:20 PM AEST
  • Team Kalkine

Solid growth in mineral exports and lower imports due to coronavirus-affected supply chains has resulted in Australia's trade surplus more than doubling in March to a seasonally adjusted $10.6 billion. The result bettered market expectations, with analysts forecasting a surplus of about $6 billion.

Gold MTF non-AMP

QBE's chief executive says the eventual recovery from COVID-19 will hasten the trend of digital disruption that was underway before the pandemic began. Group CEO Pat Regan told shareholders at the company's annual general meeting, being held via webcast, that COVID-19 had "turbocharged how we use and engage with technology in an unprecedented and irreversible way".

Australian households will miss out on $102 billion of income through lost jobs and lower hours because of the coronavirus crisis.

The survey found the proportion of people with jobs dropped from 62 percent to 58.9 percent - five times bigger than any other two-month fall in employment.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK