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Economy
Unravelling the role of women in making Aussie fashion industry a success
May 15, 2022 12:20 AM AEST| By Manishaal economy. We often discuss how fashion brings about a transformational change in women’s outlook, but what is not talked about is how women are pulling the strings in making the fashion industry successful. Women are at the heart of Aust...
What are the challenges facing Australia’s medical workforce crisis?
May 15, 2022 12:00 AM AEST| By Aditi SarkarHighlights The COVID-19 pandemic has accentuated the Australian healthcare workforce crisis. Go8 has urged that the upcoming government must bolster the medical workforce of Australia Australia requires at least an additional 1,000 domestic gr...
Political unrest in Sri Lanka amid rising economic turmoil
May 14, 2022 12:00 AM AEST| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
What is in store for Australian housing market in 2022?
May 13, 2022 07:00 PM AEST| By Akanksha VashishtHighlights Australians might be looking at a gradual cooldown of the real estate market, owing to an interest rate hike and a demand slowdown. The threat of rising interest repayments is enough to keep many buyers off the property market. The...
Budget 2022: FM Robertson stresses health, low-emissions economy as priorities
May 12, 2022 01:51 PM AEST| By ManikaHighlights Grant Robertson delivered another pre-Budget speech to the Wellington Chamber of Commerce He underlined healthcare, high wage, and a low-emissions economy as priorities Defends spending even if inflation touches a 7% mark .....
Will petrol prices hit AU$2 a litre again? Why are Aussie petrol prices soaring?
May 11, 2022 04:07 PM AEST| By Akanksha VashishtHighlights A fuel price hike seems to have virtually nullified the excise cut offered by the government, pushing motorists into peril. Many states have observed a larger spike in fuel prices than others due to the varying underlying costs of pr...
What is wage inflation and how is it different from consumer price inflation?
May 11, 2022 11:20 AM AEST| By ManikaHighlights: Wage inflation is an increase in wages and salaries due to shortages of labour New Zealand’s annual wage inflation has hit 3.0% This was 2.6% in December 2021 It is interesting that economists are worried about wage infl.....
Will rising power bills impact Morrison Govt's re-election bid?
May 10, 2022 05:36 PM AEST| By Akanksha VashishtHighlights The present government has seen a bevy of challenges ahead of the election campaign. Concerns loom that rising power bills could potentially affect consumers’ voting decisions. Despite what the political leaders claim, many ex.....
Why Australian bond yields are scaling new heights
May 10, 2022 05:13 PM AEST| By AayushHighlights Yields on the Australian benchmark 10-year bond have risen above 3.5%, as of 10 May 2022. The US Fed has hiked the interest rates by 50 basis points, which spooked the markets across the globe. Based on a few surveys, the cash rate .....
ANZ, NAB and CBA release key economic data; know more
May 10, 2022 02:29 PM AEST| By Akanksha VashishtHighlights The big four banks have released key economic data for April, which was marked with rate hike expectations. The ANZ-Roy Morgan consumer confidence dipped slightly, while NAB monthly business survey showed an optimistic scenario. The.....
How Australian Fashion Trademark will guide growth in national economy
May 10, 2022 12:00 PM AEST| By ManishaHighlights: The Australian Fashion Council has officially rolled out Australian Fashion Trademark. The Australian Fashion™ will give an identity to the innovative work of art from Australia’s fashion & textile industry. Four po.....
Morrison-Albanese debate: key takeaways for markets
May 10, 2022 10:22 AM AEST| By Toshiva JainHighlights: Anthony Albanese said his labour party would focus on increasing wages to combat rising prices. Significant issues such as First Nations Policy and Aboriginal and Torres Strait Islander people have not been yet discussed. Scott Mor.....
How is Australian job market faring?
May 09, 2022 04:25 PM AEST| By Toshiva Jaination days. The current stance of the Australian job market has grabbed all eyes. There has been a significant increase in the number of jobs available in Australia. The unemployment rate has been declining over recent months to 4% and labour f...
Federal Election 2022: Healthcare needs and promises
May 09, 2022 03:01 PM AEST| By Aditi SarkarHighlights Promises of major parties regarding the health policy have been in the limelight The aged care sector calls for a workforce partnership supplement Pharmacy Guild is delighted by the commitment made by both major parties to make medi.....
How are sky-high living costs impacting pensioners in Australia?
May 08, 2022 12:12 AM AEST| By ManishaHighlights Pensioners desire a stable cost of living that doesn’t hurt their pockets. The living cost has surged manifold for the pensioners in Australia. Disruptions in the supply chain of goods due to multiple factors have flared the r...
Healthcare in Australia: Insights into budget and election promises
May 08, 2022 12:09 AM AEST| By Aditi Sarkarance scheme Australia has one of the best healthcare systems globally, offering its citizens safe and affordable healthcare services. The country hosts two kinds of healthcare systems – public and private. The public health system, popular...
What NAB and Macquarie’s outlook speak about Australian economy
May 07, 2022 10:05 AM AEST| By AayushHighlights NAB said its strong performance clearly indicates an ongoing strengthening of the Australian economy. NAB also expect the unemployment rate to fall below 4% in the coming months. Macquarie Group expects growth to remain strong at le...
How will interest rate hike impact your mortgage outgo?
May 07, 2022 12:25 AM AEST| By Toshiva JainHighlights RBA Governor Philip Lowe stated that borrowers should remain ready for further hikes to bring inflation down to target numbers. The first increase in cash rate may not significantly impact borrowers. Borrowers should take help of so...
Further tightening expected as RBA shares fresh economic outlook
May 06, 2022 03:05 PM AEST| By Akanksha VashishtHighlights After the recent interest rate hike by the RBA, the cash rate now stands at 0.35%. The RBA has announced an uptick in its inflation forecast as sources of inflation are expected to change. Rising wages due to labour market strengthe.....
How can RBA’s latest interest rate hike impact elections?
May 06, 2022 01:28 PM AEST| By Akanksha VashishtHighlights The central bank’s interest rate hike decision appears to be a non-political decision on the surface. The rate hike of 25 basis points might impact the people’s perception of the current government. The current governmen...
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