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Economy
What Triggered New Zealand’s GDP Contraction in Q4 FY20?
March 18, 2021 01:13 PM AEDT| By ManikaSource: ESB Professional, Shutterstock Summary Last quarter GDP of New Zealand declines by 1%. Even though GDP picked up in September, total annual drop has been 2.9%. Economists had expected GDP to improve in Q4 also as there was an upt...
Canada’s Consumer Inflation Rises 1.1% YoY In February
March 18, 2021 02:16 AM AEDT| By AnujSource: ivosar, Shutterstock The Canadian Consumer Price Index (CPI) surged higher in February on mounting petroleum prices, though it marginally missed analyst expectations. The inflation rate soared as much as 1.1 per cent year-over-year (YoY), a...
Super Richest 1% Now Control 25% Of Canada’s Wealth
March 17, 2021 03:05 AM AEDT| By Ipsita SarkarSource: enciktepstudio, Shutterstock The fact that income inequality has been rising over the last couple of decades is not exactly new. But income inequality reaching an all-time high due to the pandemic-induced global economic slump is worth taki...
Quick update on all the biggest global economic announcements for the day
March 17, 2021 01:31 AM AEDT| By Team Kalkine MediaSource:© Sema8841 | Megapixl.com What’s happening at the RBA front? The Reserve Bank of Australia or the RBA has reconfirmed that it will continue to maintain record low interest rates and will continue to maintain its targets...
Is Australia-Singapore travel bubble on the cards?
March 15, 2021 02:20 PM AEDT| By Team Kalkine MediaSource: DimaBerlin,Shutterstock Summary In a bid to revive the flagging tourism industry, Australia and Singapore are planning a travel bubble. The plan would allow residents from both countries to travel without following quarantine prot...
Why UK Banknotes Should Feature More Women Achievers in Future
March 13, 2021 04:55 PM AEDT| By Suhita PoddarSource: MiniStocker, Shutterstock Experts and economists have raised the need for more women to be celebrated on British banknotes as only three women have appeared so far on Bank of England no...
Which Were the Winning Sectors in The UK Budget 2021
March 13, 2021 04:02 PM AEDT| By Suhita Poddarptember, where employees will continue to receive 80 per cent of their salary UK Chancellor of Exchequer Rishi Sunak announced his second annual budget on 3 March, which included promising measures to safeguard the coronavirus crisis that hit bu...
A Year Of Pandemic: How Canada Survived COVID In 2020
March 13, 2021 04:29 AM AEDT| By Shreya BiswasSource: Andrii Vodolazhskyi, Shutterstock While Canadians were celebrating Christmas parties with friends and family or traveling to warmer locales for the winter holidays of December 2019, a novel coronavirus was rearing its head in China’s W...
Canada’s Job Market Bounces Back In February
March 13, 2021 04:24 AM AEDT| By AnujSource: Pixel-Shot, Shutterstock Canada’s job market boomed in February 2021, propelled by the gradual economic reopening across the country, said national data agency Statistics Canada on Friday, March 12. Employment soared as much as 1.4 per...
Why the UK Exports to EU Fell by Record 41% In January
March 13, 2021 04:09 AM AEDT| By Suhita PoddarSource: Travel mania, Shutterstock Summary UK’s exports to the EU fell by a record 40.7 per cent in January due to Brexit, stockpiling and lockdown restrictions. ONS reported the UK economy contracted by 2.9 per cent, better than p...
Uber Canada Proposes Flexible Work+, Receives Mixed Reaction
March 12, 2021 02:07 AM AEDT| By Shreya BiswasSource: Siwakorn1933, Shutterstock Summary Uber Technologies reached out to Canada’s provincial governments on Wednesday to bring in regulatory changes that would allow it and other app-based companies to offer benefits to gig workers. U...
NZ house prices scale new heights in February. Will they keep defying COVID-19 effect?
March 11, 2021 01:00 PM AEDT| By SonalSource: nepool,Shutterstock Summary House prices in NZ have been on a persistent rise. The relentless pace of property sales continued in February, with total 7964 properties sold in the month. Some of the uplift can be due to investors...
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Bank of Canada Leaves Key Rate Unchanged, Cautions On Economic Slack
March 11, 2021 02:42 AM AEDT| By Shreya Biswaseportedly being unexpectedly robust so far, some experts had projected a change of pace. The country woke up to yet another key interest announcement from Bank of Canada on Wednesday, March 10. Once again, the top lender has decided to stick to...
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RBA Governor Lowe highlights Australia’s improving economic conditions
March 10, 2021 07:35 PM AEDT| By Team Kalkine MediaSource: EyeofPaul, Shutterstock Summary RBA governor Philip Lowe laid out a positive outlook for the Australian economy in his speech at the AFR business summit. GDP grew 3.1% in December and the unemployment rate saw a higher-than-expec...
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Why Canada May Be A Default Benefactor of US Stimulus Plan?
March 10, 2021 05:33 PM AEDT| By Ipsita SarkarSource: Jirapong Manustrong, Shutterstock Summary US recovery plan to have beneficial spillovers for neighboring economies, including Canada. Canada’s economy to expand at 4.7 per cent this year, says the 37-member OECD. US economy to g...
How filled jobs in Australia recovered during March, June quarters
March 10, 2021 03:33 PM AEDT| By AshishSource: Master1305,Shutterstock Summary The Australian economy regained nearly seven of 10 filled jobs lost during the March and June quarters. The filled jobs rose by 2.9 per cent in the December quarter 2020, the data released by the Au...
Philip Lowe: Interest rate unlikely to change until wage growth improves
March 10, 2021 03:20 PM AEDT| By Team Kalkine MediaSource: Number1411 ,Shutterstock Summary RBA governor Philip Lowe attributed “materially” lower wage growth as an obstacle to the inflation rate meeting the expected target. The current wage growth of 1.4% is a major roadblock...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 10:46 PM AEDT| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Why NAB brushed aside inflation fears
March 09, 2021 01:35 PM AEDT| By AshishSource: Tero Vesalainen, Shutterstock Summary National Australia Bank (NAB) said that inflation was not expected to meet the Reserve Bank of Australia’s (RBA) target of 2-3 per cent before 2024. Besides, the gap between the actual a...
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