Economy

Australian Election 2022: AHHA calls for value-based approach to hea...

Highlights AHHA has urged the federal government to consider reforms in the healthcare system. Health policies of Australia have failed to maintai...

Australia sees strong wage growth in December 2021 quarter

Highlights Wages rose 2.3% annually during the December 2021 quarter. The significant growth in wages can be attributed to the shift in the bargai...

Decoding the World Development Report 2022

Highlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activitie...

What does Russia-Ukraine conflict mean for world economy?

In late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world econ...

Deciphering the impact of Russia-Ukraine crisis on Australian econom...

Geopolitical tensions are increasing worldwide, with fears of Russia invading Ukraine looming in the backdrop. Realising that more than two nations mi...

Is Australia facing ‘Great Resignation’ in workforce like the US?

As news broke out about the US facing the ‘Great Resignation’, businesses across the globe became distressed amidst growing fears of an ec...

International travel data out ahead of border reopening

Highlights The Australian government has announced the reopening of international borders from 21 February. Visitors from New Zealand formed 40% o...

Unemployment rate shows no change in January 2022

Highlights As per ABS, the unemployment rate stood at 4.2% in January 2022. The data further reveals that hours worked showed a larger than usual...

How well does the Keynesian framework sit in the Australian economy?

Highlights A mix of economic frameworks is being followed across nations to tackle crisis-like scenarios. Keynesian economics advocated for greate...

Which global events can influence the Australian economy?

International developments have always played a crucial role in determining the strength of the Australian economy. The COVID-19 pandemic created a sh...

RBA may hike cash rate in June 2022, says CBA economist

A senior economist at Commonwealth Bank of Australia (ASX:CBA), Gareth Arid has said that the Reserve Bank of Australia (RBA) would begin raising the...

Economies with record-breaking inflation

Highlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The pr...

Crude oil hits fresh seven-year high amid Russia-Ukraine tension

Highlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide fi...

How Labor pip Liberals to pass religious discrimination bill       

Highlights  The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the...

Rising shipping costs affecting UK businesses

Highlights  Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthene...

Can China’s zero-Covid curbs hurt global growth?

Like many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our...

How can housing become more affordable in Australia?

Highlights Over the past few decades, the number of Australians owning a home has declined swiftly. While increasing the supply of housing is a lo...

RBA Governor: Outlook for inflation and wages remains uncertain

Highlights As per RBA Governor Philip Lowe, Australia’s GDP growth surged to about 5% over 2021. Job vacancies have been going strong in Aus...

Australia to reopen borders - things to look out for!

Highlights From February 21, fully vaccinated international tourists will be welcomed in Australia as borders reopen. According to the government...

Is an interest rate hike necessary to control Australia’s property b...

The Australian property prices have been going haywire for about one and a half years now, with policymakers embracing different measures to control h...