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Economy
IMF urges G20 nations to step up framework for debt treatments
December 03, 2021 05:48 PM AEDT| By Toshiva JainHighlights As the pandemic began, the G20 nations took the G20 Debt Service Suspension Initiative (DSSI). As the DSSI ends at the end of 2021, the underdeveloped countries will be pushed towards greater vulnerabilities. If emerging countries d.....
OECD warns Omicron might slap global economy
December 03, 2021 12:06 PM AEDT| By Toshiva JainHighlights The World Health Organization (WHO) has confirmed that the Omicron COVID-19 variant has reached around 23 countries. The Organisation for Economic Co-operation and Development (OECD) has warned that the world economy will hit a slowd.....
Five key US economic sectors to keep an eye on in 2022
December 03, 2021 08:28 AM AEDT| By Versha JainThe US GDP growth fell to around 2% in the third quarter from a year earlier. However, the full-year growth is expected to be 5.2% and expand by 3.5% in 2022. Likewise, the Consumer Price Index (CPI) YoY change is expected to be 6% in December 202.....
Fall in iron ore prices prompts decline in Australian exports in October
December 02, 2021 04:03 PM AEDT| By DaminiThe Australian Bureau of Statistics (ABS) has recently released a new set of international trade data, which reflects a fall in trade surplus in October 2021. The data reveals that the seasonally adjusted balance on goods and services surplus fell .....
Investor lending strengthened in Australia in October 2021, says ABS
December 02, 2021 02:17 PM AEDT| By DaminiHighlights The ABS noted an increase in new investor loan commitments to near-record levels in October 2021. The owner-occupier loan commitments took a breather in October, potentially due to easing demand pressures. The new APRA rules are exp.....
Australian economy posts smaller-than-expected contraction in Q3 2021
December 01, 2021 03:49 PM AEDT| By DaminiThe most awaited Gross Domestic Product (GDP) numbers for the September 2021 quarter are out now. But are they as severe as anticipated by economists and analysts? Surprisingly not! As per the recently released data by the Australian Bureau of Sta.....
Dramatic slowdown in the Australian property market, house price growth decelerates
December 01, 2021 02:04 PM AEDT| By DaminiHighlights The Australian property market is showing some signs of a slowdown. Property price growth slowed to the lowest level since January in November 2021 across Australia. The capital city trends demonstrated greater diversity during the .....
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Government introduces fresh measures to contain Omicron variant
December 01, 2021 01:00 AM AEDT| By AbhijeetFollowing the emergence of the Omicron variant of Covid-19 (SARS-CoV-2) virus and growing uncertainty around the Covid activity, the government of the United Kingdom has introduced new reciprocatory measures to curtail the impact of the virus in th.....
Is the Australian property market taking a breather?
November 30, 2021 08:27 PM AEDT| By Akanksha VashishtWith the outbreak of the pandemic, each stage of Australia’s economic recovery has been met with a range of factors that have slowed the revival process. The same is evident with the recent outbreak of the Omicron variant, which has emerged a.....
How are world powers dealing with inflation?
November 30, 2021 06:58 PM AEDT| By Toshiva JainAs the world economy has entered the recovery phase, the market factors are dwindling rapidly. Due to demand-supply imbalances, high inflation has taken a strong stance in the world economy. Additionally, interest rates and cost of living are mount.....
Australia sees record current account surplus
November 30, 2021 04:25 PM AEDT| By Akanksha VashishtHighlights Australia’s current account surplus rose during the September 2021 quarter. The net primary income deficit increased by AU$7.7 billion. The observed rise in trade surplus can be attributed to the rising prices of coal and othe.....
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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 .....
What will religious discrimination bill mean for Australians?
November 29, 2021 05:38 PM AEDT| By ManishaPolitics is one battle that does not remain confined to any single arena; it encompasses all spheres, even religion. At a time when the General Elections 2022 is on the horizon, the Australian government led by Prime Minister Scott Morrison release.....
How do oil price swings impact Australian economy?
November 29, 2021 01:48 PM AEDT| By AshishJust before the latest COVID-19 variant Omicron hit the world, oil prices had surged to an extent that they threatened to derail economic recoveries, throwing a spanner in tightening plans of some central banks. The Australian economy was no except.....
Is low interest rate good or bad?
November 28, 2021 12:21 AM AEDT| By Aditi SahaHighlights Low interest rates may have an impact on our daily lives and the economy at large. Low interest rates are both favourable and harmful for the economy. They promote economic recovery by increasing consumption, spending, borrowing, an.....
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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Is Australia building political landscape on climate change for 2022 elections?
November 27, 2021 12:49 AM AEDT| By ManishaClimate crisis is a global challenge. Every country has a role to play to curb the menace. While some countries have done their part, others are yet to bestir themselves and do the needful. Australia is among the nations which are being called out .....
UK Energy crisis: Reasons and repercussions
November 26, 2021 05:06 PM AEDT| By Sreenivas D AjankarHighlights Entice Energy and Orbit Energy are the latest firms to collapse after they failed to pay their schemes dues. The UK government had put another failed energy supplier, Bulb, which had around 1.7 million customers, under special a.....
Black Friday is here! Retail sales jump in October
November 26, 2021 03:24 PM AEDT| By Akanksha VashishtHighlights The retail sales surged by 4.9 per cent month-on-month in October. The Commonwealth Bank of Australia expects the country to witness bumper Black Friday shopping. The Black Friday sales could exceed December’s Christmas sales,.....
Petrol price hike hurts Aussies; will rates rise further?
November 26, 2021 03:20 PM AEDT| By AshishPetrol prices have hit the roof in past few weeks, emerging as one of the biggest household expenses for Aussies, as the supply outstrips demand globally. According to an analysis by CommSec, petrol is currently the fifth-largest weekly expense to .....
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