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Economy
How did the economy get affected by the pandemic?
September 24, 2020 04:05 PM AEST| By Edita IvancevicAs most countries decided to close their borders and put the economy on hold to focus on containment of the virus spread, the stock markets experienced the biggest impact due to the halt in business activities. Now that lockdowns in Australia and .....
Spike in Covid cases to keep the UK economy under recession
September 23, 2020 10:15 PM AEST| By Team Kalkine MediaThe UK economy had officially entered a recessionary phase by shrinking for two consecutively quarters of January to March 2020 (2.2 per cent) and April to June 2020 (20.4 per cent). Later, a healthy GDP growth rate of 6.6 per cent for the month of.....
Would New Coronavirus Restrictions Mean Higher Unemployment In The UK?
September 23, 2020 09:27 PM AEST| By Team Kalkine MediaThe latest restrictions imposed across England to curb the spread of Covid-19 infections are expected to worsen the unemployment situation in the UK. In fact, the Bank of England has said that the UK’s economic outlook is unusually uncertain .....
All that you need to know about RBA's toolkit
September 23, 2020 06:23 PM AEST| By Team Kalkine MediaThe Australian economy is facing its first recession in 30 years with its economy shrinking by record 7% in the June quarter compared to a drop of 0.3% in the previous (March 2020) quarter as it continues to suffer from the economic fallout of the .....
Commonwealth Bank economists join the 'Recession is Over' bandwagon
September 23, 2020 12:26 PM AEST| By Team Kalkine MediaThe Australian economy has been pushed into its first recession in the last 30 years due to the economic fallout from coronavirus. The country's GDP plunged 7% in April to June quarter compared to previous month, which marked the second consecutive.....
Government Opens Up Kickstart Scheme For Small Companies
September 22, 2020 11:11 PM AEST| By Team Kalkine MediaThe UK government was facing criticism over the fact that its kickstart scheme worth two billion pounds would be effectively excluding small-sized companies. To remove this anomaly, the government has now expanded the scheme to intermediaries who a.....
JobSeeker recipients tighten their belts amid dreadful $300 reduction in Coronavirus Supplement
September 22, 2020 07:11 PM AEST| By Team Kalkine MediaThe state of Victoria has been under one of the toughest lockdowns, after a resurgence of the virus, which took the daily case numbers to hit more than 700. However, Victoria recorded just 11 new cases of coronavirus, the smallest daily rise in in.....
Why Are The Property Rents Falling In London?
September 21, 2020 11:11 PM AEST| By Team Kalkine MediaAn oversupply of rental properties available in the market during the coronavirus pandemic has led the owners to reduce the amount of rents to attract the tenants. The rental value of properties at some areas in London such as in and around the Bar.....
What Pandemic? Property prices to go higher in coming years
September 21, 2020 11:05 PM AEST| By Team Kalkine MediaAustralian property markets have taken a hit due to COVID-19 crisis, but house prices are expected to shoot up in future, as a result of the same. Residential property prices declined 1.8% nationally for the June quarter led by a fall in Sydney an.....
UK Manufacturing Output Could Shrink By 11 Per Cent In 2020
September 21, 2020 10:11 PM AEST| By Team Kalkine MediaThe manufacturing industry in the UK does not see much signs of a V shaped recovery with the coronavirus pandemic still far from being over around the country. A recent survey from the Make UK and BDO has suggested that the manufacturing businesse.....
Pound Falls As Interest Rates Could Turn Negative In 2021
September 20, 2020 10:25 AM AEST| By Team Kalkine MediaThe Bank of England (BoE) has informed that its officials are preparing for a possibility of pushing the interest rates below zero during the next year 2021 to drive the private sector investments across Britain. Many other regions such as the Eur.....
Westpac Forecasts 15% Spike in House Prices- Real Estate Weathering The COVID-19 Storm?
September 20, 2020 12:51 AM AEST| By Hina ChowdharyThe focus on economic recovery will be a constructive environment for the Australian housing market. The COVID–19 pandemic is an extraordinary occurrence, unlike any shocks or cycles that the world has encountered since most macroeconomic me.....
COVID-19 Travel Curbs Casting Dark Shadows on Australia’s Elite Sports Industry?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaWhile Australia has been enjoying billions of dollars in revenue from the sports domain over the past several years, the year 2020 is as different as chalk and cheese. No wonder, COVID-19 is the reason! The pandemic-driven travel and border restric.....
Brexit deal: EC President says chances fading away every day
September 18, 2020 07:15 PM AEST| By Team Kalkine MediaThe European Union (EU) chief executive said on 16 September 2020 that chances for the Brexit deal are fading every day as very little time is left to put the deal in place. Ursula von der Leyen, the President of the European Commission (EC) said t.....
Sunak may use new ways to save jobs once the furlough scheme ends
September 17, 2020 10:22 PM AEST| By Team Kalkine MediaRishi Sunak, Chancellor, UK Treasury has clarified time and again that the government’s furlough scheme will end in October 2020. That’s nothing new. However, what is new is that he has recently said that he might come up with some othe.....
UK house prices rose 3.4 per cent in June 2020, says ONS
September 17, 2020 10:10 PM AEST| By Team Kalkine MediaThe Office for National Statistics (ONS) came up with its house price data for June 2020 on 16 September 2020. The data revealed that the average house prices in Britain rose 3.4 per cent in the year to June 2020. This increase was up from 1......
How many stimulus packages have been launched in Australia during COVID-19?
September 17, 2020 08:19 PM AEST| By Edita IvancevicNot many nations have been as lucky as Australia when it comes to stimulating the economy and the citizens through financial aid packages. According to the Australian Treasury site, the final figure for the Australian economic stimuli was a stagger.....
COVID-19 Pandemic Vs Global Financial Crisis: NZ Economic Indicators Under the Spotlight
September 17, 2020 08:10 PM AEST| By Team Kalkine MediaThe magnitude of COVID-19 disaster was initially underestimated by the policymakers worldwide. However, deep repercussions of the pandemic have ignited debates of its close resemblance with the global financial crisis (GFC) of 2008-2009. At the tim.....
Unemployment rate slips to 6.8% in August, Beacon of Hope on Economic Charter?
September 17, 2020 05:07 PM AEST| By Edita IvancevicAs a part of any global crisis, most national economies need to go through a tough period. That usually means people losing jobs and the loss of GDP, which ultimately leads to the state of recession. Find out more: What is recession? Compared to .....
What led Westpac-MI Leading Index to improve in August versus July?
September 17, 2020 02:26 PM AEST| By Team Kalkine MediaThe Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualised growth rate in the Westpac-MI Leading Index that shows the anticipated pace of economic activit.....
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