Economy

Online Safety Bill: 7 points to note
January 24, 2022 11:29 PM AEDT| By Priya BhandariHighlights The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa.....

Omicron impact: Private sector activity contracts in Australia
January 24, 2022 09:38 PM AEDT| By Akanksha VashishtHighlights Amid rising cases of coronavirus, private sector activity shrank in Australia in January 2022. Australia’s composite PMI declined to 45.3 in January 2022. Input price inflation in Australia continued the climb to a new survey .....

Are global markets headed towards a crash in 2022?
January 24, 2022 09:01 PM AEDT| By AayushHighlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for.....

What to expect from December 2021 quarter inflation data
January 24, 2022 05:13 PM AEDT| By Akanksha VashishtHighlights The fiscal and monetary stimulus provided during the pandemic has created an environment shaped by rising prices. Rising employment in Australia is somehow fuelling inflationary concerns. In case inflation continues to rise, the RBA.....

Is the Australian economy on the brink of hyperinflation?
January 24, 2022 02:03 PM AEDT| By Akanksha VashishtIn the COVID-19 era, experts have time and again highlighted the difficulties attached to rising price levels across the globe. Concerns of rising inflation emerged as most economies, including Australia, tried to revive from the economic slump tri.....

Trends that will redesign small business in 2022
January 23, 2022 12:22 AM AEDT| By Toshiva JainHighlights As the pandemic entered our lives almost two years back, the entire paradigm of the business world changed. The already dynamic business world has become more fragile due to the pandemic. Additionally, with spaces like Metaverse, se.....

Key US economic growth index rises strongly in December: Report
January 22, 2022 07:04 AM AEDT| By Sanjeeb BaruahHighlights The GDP will grow at an annualized rate of 2.2% in the first quarter, while the full-year growth rate is likely to be 3.5% year, the report noted. Omicron, labor shortages, inflation, and the expected rate hikes would moderate the g.....

Has the Australian property market reached its peak?
January 21, 2022 01:54 PM AEDT| By DaminiAfter steadily increasing for several months in a row, the Australian property prices have begun to show some signs of a slowdown amid improving supply dynamics. Interestingly, the house price growth in Australia was the slowest since January 2021 .....
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5 reasons why cost-of-living is moving up in Britain
January 20, 2022 09:13 PM AEDT| By Sreenivas D AjankarHighlights The inflation rate in the UK rose to its highest level at 5.4% in December 2021. The UK economy has been facing inflationary pressure for the last one year leading to a higher cost of living. At present, prices of goods and services.....

How would inflation further affect sectors? 5 pointers to note
January 20, 2022 09:04 PM AEDT| By Priya BhandariThe inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf.....

Behind tall electioneering claims: Are Aussies getting the economy as promised?
January 20, 2022 05:49 PM AEDT| By Akanksha VashishtHighlights The Australian economy saw many feats at a time when the economy was still majorly under lockdown. During the pandemic, stimulus measures were put in place at the cost of rising government debt. Consumer confidence in the country ha.....

Good news for Aussies, jobless rate dips to 13-year low
January 20, 2022 02:26 PM AEDT| By Akanksha VashishtHighlights Australia observed a large increase in employment in December 2021, says ABS. The unemployment rate fell to 4.2% last month. Easing restrictions and a subsequent rise in vaccination rates brought much of the lost labour back into th.....

US housing starts rise 1.4% in December despite cost, supply troubles
January 20, 2022 07:17 AM AEDT| By Sanjeeb BaruahHighlights Supply problems and labor shortages have slowed down construction. The Commerce data showed housing starts increased by 1.4% to a seasonally adjusted 1.702 million units last month, the highest level since March. Housing starts fo.....
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UK inflation surges to a 30-year high level: What to expect now?
January 20, 2022 01:06 AM AEDT| By Sreenivas D AjankarConsumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta.....

Has Australian economy begun to show impact of Omicron variant?
January 19, 2022 06:55 PM AEDT| By Akanksha VashishtHighlights Australia saw increased consumer spending pumping large sums of money into the economy last year. Aussies have embraced self-imposed restrictions amid growing fears surrounding the new variant. The latest payroll jobs and consumer s.....

Is Australia approaching Lewis turning point? How to tackle it?
January 19, 2022 05:03 PM AEDT| By Akanksha VashishtThe field of economics is full of interesting concepts and ideas, which help understand the performance of financial and other markets. Those keeping up with the economic concepts might be familiar with the theory conceptualised by Sir Arthur Lewis.....

Is COVID-19 the main reason for a dip in business confidence among Kiwis?
January 19, 2022 02:10 PM AEDT| By ManikaHighlights The Quarterly Survey of Business Opinion shows a decline in business confidence in NZ. Demand has also fallen as the COVID-19 outbreak continues. The survey shows that businesses have become cautious about investments. With the.....

Why Australia witnessed spike in international travel towards 2021 end
January 18, 2022 03:55 PM AEDT| By Akanksha VashishtHighlights The festive spirit resulted in booming international travel towards the end of 2021, as per the data released by the Australian Bureau of Statistics. International travel is still significantly lower than pre-pandemic levels, which w.....

How fintechs are disrupting Australia’s traditional mortgage business
January 18, 2022 03:26 PM AEDT| By AshishHighlights Fintech companies have started to pose serious challenges to traditional mortgage firms. The younger lot is now more open than ever in carrying out its banking activity online. Australia’s fintech industry has recently attract.....

How will slowdown in China's GDP growth impact Australia and other countries
January 18, 2022 11:47 AM AEDT| By Priyabrata PrustyChina's economy expanded by only 4 per cent in the fourth quarter of 2021, its slowest pace in nearly two years. Growth in the world's second-biggest economy slowed considerably in the last quarter of 2021 as the government remained focused on cont.....

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