Economy
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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.....

The Great Resignation: Will it continue in 2022?
January 06, 2022 03:26 AM AEDT| By Versha JainHighlights The Labor Department’s latest JOLTS report showed that the number of quits reached 4.5 million in November 2021. Also, job openings were down from 11 million in October to 10.6 million in November. With 6.9 million u.....

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.....

Why 2022 could be a bumpy ride for Australian economy?
January 04, 2022 06:53 PM AEDT| By Akanksha VashishtHighlights Despite buoyant expectations, the Australian economy has to navigate certain challenges in 2022. Rising inflation has triggered stagflation fears, while the timeline for an interest rate hike remains unclear. Significant damag.....

US manufacturing PMI falls in December, factory activities up
January 04, 2022 09:09 AM AEDT| By Rupam RoyHighlights The US manufacturing purchasing managers index (PMI) was 57.7 in December, lower than the previous month. The total construction spending rose 0.4% in November. President Biden was scheduled to interact with farmers, ranchers, and i.....
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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.....

Apple becomes world's first $3 trillion market cap company
December 15, 2021 04:16 AM AEDT| By Rupam RoyApple crossed the market capitalization of US$3 trillion Tuesday, December 14, after an astonishing run over the past decade, marking itself as the world's most valuable company. The iPhone manufacturer hit US$3 trillion from US$2 trillion in market...

When will RBA raise interest rates? Here's what Westpac says
December 07, 2021 12:20 PM AEDT| By AshishHighlights Analysts expect the RBA’s meeting on Tuesday to be a non-event. The RBA may maintain status quo on rates for some more time before moving from the record low of 0.1%. It also expects the rising housing prices to come down afte.....

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.....
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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 .....

US jobless claims fall to 52-year low; unemployment rate drops to 4.6%
November 25, 2021 08:11 AM AEDT| By Sanjeeb BaruahUS weekly jobless claims fell to a 52-year low as the economy rebounds from the covid effects. On Wednesday, the Labor Department said the jobless benefits claims declined by 71,000 to 199,000 last week, the lowest level since November 1969. 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 .....