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Economy
What does 2022 look like for global housing market?
January 04, 2022 01:47 AM PST| 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 01:24 AM PST| 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 03, 2022 11:53 PM PST| 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 03, 2022 02:09 PM PST| 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.....
Is Australia standing apart from the world inflation fever?
January 02, 2022 05:30 AM PST| By Akanksha VashishtHighlights Early in December, the central bank indicated that a further increase in inflation levels is needed for monetary policy tightening. After the December monetary policy meeting, rate hike expectations have been pushed back. Rising com.....
These trends can become catalysts for Australia’s growth in 2022
January 01, 2022 05:27 AM PST| By Akanksha VashishtHighlights The year 2021 saw significant changes among corporations worldwide when companies ran their operations remotely. The pandemic has sparked some interesting developments for the Australian economy, which can be a starting point for imp.....
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Would inflation take a breather in 2022?
December 30, 2021 11:45 PM PST| 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 30, 2021 11:23 PM PST| 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 latest urea deal ease Australia's supply chain disruptions?
December 29, 2021 05:25 PM PST| By Akanksha VashishtAustralia has struck an important deal at a strategic time to help improve the country’s battered supply chain. Supply constraints have impacted production not just in Australia but around the world. Amid this supply shortage, a highly affect.....
Delta & Omicron show hoarding vaccines hurt advanced economies too
December 27, 2021 07:49 PM PST| By Sundeep RadeshHighlights The SARS CoV-2 virus has shown it has an ability to mutate in unvaccinated people The two biggest stumbling blocks to world economies in 2021 have been Delta and Omicron Developed countries could end up spending 49 per cent of the w.....
Will Australian job advertisements continue to recover in 2022?
December 27, 2021 05:08 AM PST| By Akanksha Vashishtl> During the initial wave of COVID-19, job openings plunged considerably, prompting a dramatic loss in labour market activity. Fast forward to the end of 2021; a lot has changed, with job openings showing an extravagant recovery. Though the growt...
How can the government support the Omicron-affected sectors?
December 26, 2021 07:24 PM PST| By Suhita PoddarHighlights Concerns related to the Omicron variant and ensued restrictions have severely impacted various sectors, such as hospitality, travel, and retail, just ahead of the festive season. The hospitality sector received a £1 billion eme.....
What to expect from the Australian economy in 2022?
December 26, 2021 05:34 AM PST| By Akanksha VashishtHighlights The pandemic woes have created a highly volatile environment for the economy wherein uncertainty dominates all predicted forecasts. In the mid-year economic and fiscal update, treasurer Josh Frydenberg gave announced forecasts for th.....
What to expect from Australian banking sector in 2022?
December 24, 2021 12:49 AM PST| By Akanksha VashishtHighlights Premier banking institutions have reported remarkable earnings during the financial year 2021 gaining strong momentum for 2022. Owing to the increased awareness about these concerns, the financial sector is in for a period of enhance.....
Has the pandemic added to supply chain disruptions?
December 22, 2021 11:52 PM PST| By Akanksha VashishtHighlights The lack of immigrants and shipping bottlenecks presented obstructions in economic activity during the pandemic. Pent-up demand created pressure on reduced supply, leading to higher freight costs and large delays in shipping. Busine.....
What factors led to a slow growth of UK’s GDP in the third quarter?
December 22, 2021 06:12 AM PST| By Sreenivas D AjankarDuring the third quarter of 2021, the British economy witnessed a slower recovery than the earlier estimate. The Office for National Statistics (ONS) revised the gross domestic product growth rate for the UK economy to 1.1% from the previous estima.....
How Brexit has affected UK in last one year
December 22, 2021 02:04 AM PST| By Rishika RainaIt has been a year since Britain has left the European Union (EU), and its impact on the economy is still not clear. When Covid-19 hit the world at the same time as Brexit, the UK saw more than expected tougher situation. While some big firms have .....
How did Australia’s regional property market fare during the COVID-19 pandemic?
December 22, 2021 12:26 AM PST| By Akanksha VashishtAustralia’s housing price boom has quickly outpaced price rise in any other sector within the country. While it became increasingly difficult to find a house in capital cities like Sydney and Melbourne amid sky-high prices, prices were also s.....
Will the Omicron variant derail Australia’s labour market recovery?
December 21, 2021 10:14 PM PST| 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.....
Australia sees a sharp rebound in payroll jobs in November
December 21, 2021 06:38 PM PST| By DaminiHighlights As per ABS, payroll jobs increased by 0.3 per cent in the fortnight up to 27 November 2021. The labour market bore the brunt of the pandemic-induced lockdowns prior to November. Part-time jobs declined more than full-time jobs durin.....
