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Economy
Major construction company bites the dust, home buyers left in lurch
January 12, 2022 06:51 PM PST| By AshishWith major construction company Tasmanian Constructions announcing that it was winding up, dreams of several home buyers have been shattered. The construction firm led by Craig Graeme Ellis, which owns the Hotondo Homes franchise in Hobar.....
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IMF- emerging economies must prepare for Fed policy tightening
January 12, 2022 12:02 PM PST| 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.....
What challenges await Australia's travel sector in 2022?
January 12, 2022 12:21 AM PST| By Akanksha VashishtThe travel industry is eagerly awaiting its post-pandemic revolution that could change the game for the industry. Despite many radical changes brought by the pandemic, the travel sector has not seen a significant turnaround amid international borde.....
Aussie jobseekers in for a treat: Vacancies rise 18% despite Omicron
January 11, 2022 08:25 PM PST| By Akanksha VashishtHighlights In November 2021, job vacancies rose to 396,000, according to seasonally adjusted data by the Australian Bureau of Statistics (ABS). Experts suggested that rising vacancies would give workers a higher bargaining power as there is a l.....
Will Omicron wave impact 2022 Australian federal election?
January 11, 2022 06:38 PM PST| By ManishaHighlights The Omicron variant of COVID-19 has resulted in a worrisome situation for the Australian federal government. The explosion in case tally may cause a hindrance in the smooth conduct of the upcoming general elections in 2022. The wors.....
Which sectors gain from rising interest rates?
January 11, 2022 01:31 AM PST| By Akanksha VashishtHighlights While interest rate hikes are largely feared because of the rising cost of borrowing, they can also be beneficial in some way. Since economic recovery from the pandemic has not been even, a rise in interest rates could impact various.....
Why Australian dairy farmers’ wish list should be at heart of 2022 federal election
January 10, 2022 09:22 PM PST| By Anam SiddiquiHighlights Infrastructure building and economic recovery have emerged as one of the critical focus areas for the 2022 Australian federal election. ADF has outlined a 2022 federal election policy statement, seeking to secure the dairy industry r.....
Domestic retail trade soars, international trade takes a backseat
January 10, 2022 08:16 PM PST| By Akanksha VashishtThe Australian economy seems to be locked in between favourable and challenging conditions ever since the Omicron variant started to spread within the country. This has led to a series of highs and lows for major economic indicators. While retail t.....
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Will Brexit continue to bother UK businesses in 2022?
January 10, 2022 06:01 AM PST| By Priya BhandariIt’s been more than a year since the UK left the European Union but its impact on the economy has been a double-edged sword for businesses as trading across the European Union has become very difficult due to various reasons. Before Brexit, .....
5 golden rules to being a successful ecopreneur
January 10, 2022 05:54 AM PST| By Ankit SethiStarting a commercially viable business is not easy, and starting a commercially viable business that addresses ecological issues is even more demanding. Source: Pixabay.com Is there a way to be a successful ‘ecopreneur’? The term r.....
How is Omicron variant emerging as a threat for Australian economy?
January 10, 2022 01:42 AM PST| By Akanksha VashishtHighlights Consumer spending dropped to its lowest level since the Delta variant outbreak during the week ended 5 January. Consumers have taken a cautious approach without many restrictions being imposed from the government’s side. A sho.....
Building approvals inch higher in November 2021, says ABS
January 09, 2022 07:07 PM PST| By Akanksha VashishtThe property market has had a phenomenal ride throughout 2021, with a slight slowdown in prices being observed as the year ended. Despite prices inching up higher, though at a lower rate than before, Australians have been flocking the markets in se.....
Australian Election 2022: Why tax reforms should be a hot topic
January 09, 2022 04:25 PM PST| By ManishaHighlights The most significant forms of taxation in Australia include Income Tax, Capital Gains Tax, and Goods and Services Tax. Global forums such as the OECD and the IMF have suggested that comparatively heavy taxation on incomes relative to.....
Is Australia staring at stagflation in 2022?
January 08, 2022 07:04 AM PST| 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 08, 2022 06:44 AM PST| 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.....
What to do when debt feels unmanageable?
January 08, 2022 05:30 AM PST| By Ankit SethiHighlights Unmanageable debt can be a little painful, but there are ways to overcome the stress The debt-to-income ratio is a measure that can tell you if you are accumulating too much debt Increasing your income level is not easy, but identif.....
Covid, cryptos & climate: How 3 Cs that ruled 2021 will impact 2022
January 07, 2022 09:24 AM PST| By Ankit SethiHighlights 2021 was the year of Cs -- corona, capital, credit, cryptos, and climate change Three of these, climate change, cryptos and corona dominated headlines across the globe 2022 might be the year when the dust settles on cryptos, and emi.....
After a disruptive 2021, what are the economic factors to look at in 2022?
January 07, 2022 05:14 AM PST| 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.....
Five consumer trends that can emerge in 2022
January 06, 2022 11:14 PM PST| By Akanksha VashishtThe COVID-19 pandemic has sparked off a new generation of tech-savvy consumers, who have a diverse taste palette for goods and need everything quickly. While being confined within their homes during lockdowns, most consumers turned to online shoppi.....
The Great Resignation: Will it continue in 2022?
January 05, 2022 08:26 AM PST| 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.....
