The Australian economy has been pushed into its first recession in the last 30 years due to the economic fallout from coronavirus. The country's GDP plunged 7% in April to June quarter compared to previous month, which marked the second consecutive...
The state of Victoria has been under one of the toughest lockdowns, after a resurgence of the virus, which took the daily case numbers to hit more than 700. However, Victoria recorded just 11 new cases of coronavirus, the smallest daily rise in in...
While the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America...
The focus on economic recovery will be a constructive environment for the Australian housing market. The COVID–19 pandemic is an extraordinary occurrence, unlike any shocks or cycles that the world has encountered since most macroeconomic me...
While Australia has been enjoying billions of dollars in revenue from the sports domain over the past several years, the year 2020 is as different as chalk and cheese. No wonder, COVID-19 is the reason! The pandemic-driven travel and border restric...
Not many nations have been as lucky as Australia when it comes to stimulating the economy and the citizens through financial aid packages. According to the Australian Treasury site, the final figure for the Australian economic stimuli was a stagger...
As a part of any global crisis, most national economies need to go through a tough period. That usually means people losing jobs and the loss of GDP, which ultimately leads to the state of recession. Find out more: What is recession? Compared to ...
The Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualised growth rate in the Westpac-MI Leading Index that shows the anticipated pace of economic activit...
Retail sales of China rose for the first time in 2020 in August as consumers increased spending. The recovery process of the Chinese economy has been gaining momentum amid revived demand, resilient exports, and rapid government stimulus measures af...
At the time when the Global Virus Crisis (GVC) intensified the risk of insolvency for Australian businesses, ASX emerged as a saviour in keeping businesses afloat, offering a key platform for capital raisings. Amidst widespread liquidity crunch, ...
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