Economy

Australia enters deflation after CPI suffers biggest quarterly slump

Summary The recent ABS data revealed that CPI fell to record 1.9% in June 2020, demonstrating the biggest quarterly plunge in last 72 years. Child...

Londoners Spent the Least During the Lockdown

Summary Affluent sections of the British society have spent a lot less during the lockdown than the low- and medium-income groups London and South...

Australia's Consumer Price Index: 3 things to watch

Summary ABS has revealed that the recent free childcare scheme had a significant effect on CPI over the June quarter. Free childcare could subtrac...

Investors endorse the new 30-year Government Bond sale

Australian government debt has been negligible to practically nothing for decades, but the scenario does not seem to be the same anymore. The country&...

5 Ways Government’s Investment Plans Boosted Equities

Summary The Australian government’s stimuli package and RBA’s move of a low cash rate and three-year yield target empowered household a...

How deep the shroud of joblessness and Income uncertainty eclipse th...

Summary The implication of job losses on the Australian property market seems to be overriding the low cash rate of 0.25% held by RBA.  The u...

Australia’s AAA credit rating – 3 factors that can derail the positi...

Summary The predicted rise in the budget deficit, this financial year is unlikely to affect the AAA rating of Australia, as per S&P Global. Th...

Zoom Your Lens over Emerging Signs of Recovery in Australian Travel...

While international travel bans and stringent lockdown measures helped Australia contain the spread of COVID-19 pandemic initially, these actions spar...

Canada’s inflation leaves negative territory, increases 0.7 percent...

Canada’s benchmark inflation measure, the Consumer Price Index (CPI), grew 0.7 percent year-over-year in June, marking its return to positive te...

Australia's Greta Thunberg Moment? Melbourne Student Sues Government

Summary The lawsuit alleges the Commonwealth of Australia and two government officials for failing in their duty to disclose how climate change wou...

Australia to record biggest postwar deficit in 2020 

Summary Lately, Australia recorded a budget deficit of $86 billion amid COVID-19 and is projected to grow over $184 billion in 2020-21. The offici...

June Retail Sales – 3 Key Trends

Summary June retail sales growth was lower compared to a significant rise in the previous month, but the sales turnover was up over 8% compared to...

Virtual Tours: Bright Spot for Tourism Industry

Summary Tourism boards in Australia are keeping travellers engaged by offering virtual tours. From adventure, nature, food or art lovers, there is...

Can Negative Interest Rates help Economies? 

Summary Financial institutions are obliged to pay interest for storing the reserves, with the central bank under a negative interest rate policy....

Calls are Louder for Tax Reforms: Income and GST

If reforms are lacking in Australia, they are perhaps tax reforms. It has been over twenty years since a major tax reform in the country. In July 2020...

COVID-19 Striking Again: 5 Reasons Shares May Witness a Rise

Summary Australia and many nations globally are better placed to tackle the second wave of COVID-19 cases, demonstrating the possibility of a lesse...

JobKeeper 2.0: 5 Things to watch while Card Spending reflect differe...

  On 21 July, Prime Minister Scott Morrison at a press conference in Canberra declared that the government would retain existing JobKeeper arran...

Retail industry faces ‘COVID-19 hangover’ as consumers spend with ca...

Summary The pandemic has left major impact on Canada’s struggling retail industry Consumer behavior has changed forever, and rules of retail...

Japanese Exports face the Steepest Plunge as Economy sinks into Rece...

Summary Japan’s economy slipped into recession in May, with a contraction in GDP by 3.4% annually in Q1 2020, followed by a 7.3% plunge in th...

Double-dip Recession: A possibility in the US? 

Summary The resurgence of COVID-19 cases in some nations worldwide along with the US has sparked fears and risk of another global economic downturn...