Changes announced by the Prime Minister today to rebate visa application fees will encourage international students and working holiday makers to return to Australia and plug acute shortages across industry. However, the continued ban on foreign tourists, business travellers and other barred international arrivals
The pandemic continues to impact the outlook with Omicron sweeping across the world. Research suggests Omicron is milder than Delta, vaccines still provide a high degree of protection against severe illness, but high transmission is testing hospital capacity and supply chains. The ‘upside’ is Omicron
For Australia the Q3 national accounts showed a smaller hit to activity than we had expected but we continue to see a very strong snap back in activity in Q4. Globally, advanced economy growth was robust in Q3, and a similar outcome is expected in
With 11 days remaining until Christmas, there is no rest for retail. The National Retail Association has predicted a massive $20.5 billion spend to occur nationwide in these final days. Consumer sentiment has reached an 11-year high, and we expect to see an 8% increase
The Q3 national accounts showed a smaller hit to activity than we had expected but we continue to expect a very strong snap back in activity in Q4 with GDP rising 2%. This would see the pre-Delta level of GDP recovered in early 2022. We
Movement data of Australia’s capital cities is showing positive signs of being on the road to recovery, with cities almost back to pre-pandemic levels. Australia’s two largest cities, Sydney and Melbourne, are slowly increasing and are now approaching 50 per cent of pre-pandemic levels, while
Globally, the pandemic still dominates. But Australia is set to bounce back relatively quickly. We still have a low level of public debt compared to most countries. This means our Government can afford a high level of support. And this gives investors confidence. Our exports
The Morrison Government welcomes the International Monetary Fund’s (IMF) latest assessment of the Australian economy, which highlights that Australia’s “strong health and economic policies allowed for a quick economic recovery” which was “faster than in most other advanced economies”. Australia entered the COVID‑19 pandemic from
Eligible visa holders include international students, skilled workers, and working holiday makers. COSBOA CEO Alexi said “This move will be a big help in addressing the number one issue for small business at the moment: the shortage of workers. “COSBOA members have been citing the
CCIQ Policy and Advocacy General Manager Amanda Rohan said businesses across the state had endured close to two years of COVID economic conditions and Far North businesses were banking on the next 12 months to help them recover some of the losses. Far North Queensland businesses
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