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Economy
Is COVID-19 the main reason for a dip in business confidence among Kiwis?
January 19, 2022 02:10 PM AEDT| By ManikaHighlights The Quarterly Survey of Business Opinion shows a decline in business confidence in NZ. Demand has also fallen as the COVID-19 outbreak continues. The survey shows that businesses have become cautious about investments. With the.....
Report: World’s richest got richer during pandemic
January 18, 2022 12:52 AM AEDT| By Priya BhandariA recent report by Oxfam has stated that the world’s 10 richest people have seen their fortune increase by more than double from US$700 billion to US$1.5 trillion (£1.01 trillion), since the start of the pandemic due to various factors .....
Would Omicron pose any threat to NZ economy?
January 16, 2022 06:00 AM AEDT| By ManikaHighlights New Zealand recorded its first Omicron case in mid-December 2021. Omicron variant has created an uncertainty around the economic situation The Delta variant which was more severe was not as harmful to the NZ economy as suggested. .....
Will RBA follow the US Fed & hike rates?
January 15, 2022 01:28 AM AEDT| By Priyabrata PrustyThe US Federal Reserve (US Fed) could start increasing interest rate as early as March 2022 and shrink its balance sheet in response to increasing inflation, said James Bullard, President, Federal Reserve Bank of St. Louis on 06 January 2022. The .....
Is housing market going to crash in 2022?
January 14, 2022 08:00 PM AEDT| By AayushHighlights The year 2021 had been one of the best years for housing markets across the globe. The exorbitant rise in housing prices could be majorly attributed to the unprecedented monetary stimulus given by central banks. Mortgage loan compan.....
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IMF- emerging economies must prepare for Fed policy tightening
January 13, 2022 07:02 AM AEDT| By Toshiva JainHighlights What happened in 2021 lays a ground for how the market would react amid a pandemic. According to the IMF, the coming months look challenging for emerging economies, keeping in mind factors like elevated inflation and high publi.....
Is Australia staring at stagflation in 2022?
January 09, 2022 02:04 AM AEDT| By Akanksha VashishtAmid changing headwinds, the inflation forecast for Australia remains convoluted as the country enters another year marked with uncertainty. While inflation anxiety is dominant among some economists, other experts believe that inflationary expectat.....
How is Omicron likely to impact Australian property prices?
January 09, 2022 01:44 AM AEDT| By AshishWhile the COVID-19 pandemic caused significant economic distress last year, Australian property prices still managed to rise by 22%, the sharpest rise in three decades. But what should now be expected as the Omicron variant has started to pose anot.....
After a disruptive 2021, what are the economic factors to look at in 2022?
January 08, 2022 12:14 AM AEDT| By Toshiva JainHighlights 2021 was the year of economic disruptions. Economic factors like inflation and interest rate changes can play a crucial role in shaping the world economic status in 2022. While there are hopes of recovery, with Omicron cases o.....
What does 2022 look like for global housing market?
January 04, 2022 08:47 PM AEDT| By AayushThe housing market witnessed a red hot spell in 2021. The double-digit price rise supported by historically low mortgage rates and inventory shortages in many countries catapulted housing prices way out of the comfort zones of many homebuyers. It .....
2022: A major year for Australia with elections around the corner
January 04, 2022 08:24 PM AEDT| By Akanksha VashishtHighlights The 2022 election is expected to shed light on how successfully PM Morrison weathered the COVID-19 storm. Voters are well aware that the pandemic would be a looming threat in the coming years. PM Scott Morrison’s policie.....
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Would inflation take a breather in 2022?
December 31, 2021 06:45 PM AEDT| By AayushThe COVID-19 pandemic has battered economies in many ways, loss of jobs and lives, the wreckage of the global supply chain, disrupted business conditions, etc. In order to get back on track and recover from battered economies, central banks across .....
Finance sector leads job recovery for Aussies
December 31, 2021 06:23 PM AEDT| By Sukriti NairHighlights The last two years have changed the way economic sectors create jobs in Australia. While manufacturing jobs have fallen, finance, and health sectors have emerged as top job creators. The employment scenario in Australia se.....
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.....
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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Omicron’s spread: How severely can it impact global recovery?
November 30, 2021 01:26 AM AEDT| By Sreenivas D AjankarHighlights The new variant of coronavirus, Omicron, has caused a lot of fear and concern amongst investors worldwide. Many countries have started to put a travel ban on flights originating from African countries to curb the spread of .....
Do you want to give crypto a shot? Here are few tips
November 28, 2021 12:15 AM AEDT| By Aditi SahaThe crypto space is becoming too large to ignore, and it's only getting bigger. From teenagers to millionaires, the crypto craze has gripped the world. To increase their fortune, many are getting addicted to crypto investments. Because of the .....
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How do Britons pay their taxes?
November 24, 2021 11:43 PM AEDT| By Priya BhandariHighlights Only 48% of Britons said they have total knowledge about how much tax they pay. Rest are still clueless about basic tax breakup. The Basic tax includes Income Tax, Inheritance tax, Capital Gains Tax, Corporate tax, Value added .....
How supply chain meltdown can affect your Christmas feast
November 22, 2021 10:44 PM AEDT| By Priya BhandariHighlights The UK’s supply chain crisis is causing shortage of products in supermarkets and rising inflation with warnings of shortages of everything for the Yuletide toast. Britons have started shopping and preparations for Christm.....
Japan mulls US request to use gas stockpiles, rations in BC after flood
November 21, 2021 05:09 PM AEDT| By Sundeep RadeshHighlights Japan is considering tapping into its gas stockpiles after US’ request to India, Japan and China Under Japan’s law, it’s illegal to use reserves to lower prices British Columbia hit with gas rations after flo.....
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