The COVID-19 situation started off as a supply shock (i.e. less workers producing less output), and is flowing into a demand shock (i.e. people buying less and buying different things to what they normally purchase). Economic activity in accommodation and food services sectors will halve by
ABARES March update summarised the short term outlook for major Australian agricultural commodities, where we saw the demand and value for red meat and dairy products forecasted to drop along with the wheat, wine, barley and chickpea prices. We’ve seen these impacts flow through with
With the most immediate and direct workforce impacts from COVID-19 having passed (including addressing and creating appropriate working environments, maintaining productivity at manufacturing sites with social distancing measures in pace, etc.), enterprises are starting to look towards re-establishing a ‘new normal’. However, the reliance of
COVID-19 has resulted in some of the greatest supply chain disruptions ever experienced in Australian food and agriculture – affecting trade into both domestic and export markets and challenging producers to employ creative freight and operational strategies. In the post-COVID context, there are a number
They might be baby steps, but the on-premise industry across the country is certainly beginning to reopen as COVID-19 restrictions are eased. As we know, each state is moving at a different pace with restrictions, meaning bars are able to open at different capacities according
The Prime Minister and the Treasurer are open to the possibility of extending government support to certain sectors of the economy. They admit that some industries may be more hard hit by the pandemic and therefore require longer-term government support. Measures such as JobKeeper, JobSeeker
The private sector has suffered job losses at 4.5 times the rate of the public sector since the COVID-19 lockdown measures were imposed in March, according to new research released today by free market think tank the Institute of Public Affairs. “This is further evidence
With many small-to-medium businesses feeling the lockdown pinch and uncertain about their recovery post-corona, we turn to risk management expert Jacqui Colwell from Judo Bank. With over 30 years of experience in financial services, Colwell shares her insights on how to navigate the path ahead
COVID-19 has had an unprecedented effect on the global economy in 2020. In previous weeks’ bulletins, we have addressed the impact on wine and alcohol sales in Australia’s key markets. Today, we will cover the greater impact on the global economy, which will no doubt
With many of Indonesia’s small businesses reporting both reasonably strong finances and usage of digital technology in 2019, they are better placed than many other small businesses across the Asia Pacific region to manage through the COVID-19 crisis, according to a recent survey by CPA
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