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

  • May 07, 2020 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.

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 video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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