The NSW and Victorian outbreaks remain stubbornly high in the face of strict lockdown measures, renewing focus on vaccinations as the path forward. The vaccination rollout is finding its gear, led by a sharp acceleration in NSW, putting the rollout on track to meet reopening
The Australian dollar is down 7.1% vs. the USD so far this year, making it the worst-performing G10 currency against the big dollar. Much of this under-performance has taken place in the last few months; indeed, AUD/USD has declined over 8% in just three months.
Household financial stress is up on rising concerns over monthly household expenses. There’s also a growing economic divide between low & high-income earners, jobless & employed, and fewer Australians believe now is a good time to buy a home. The financial fallout of COVID-19 has
13,200 signatures and growing – that’s the number of Australians who have joined small businesses to call on the Reserve Bank of Australia to act on crippling debit card transaction fees for both businesses and consumers. A petition established by the Council of Small Business
Lockdowns in Australia are likely to have a very acute impact on the economy, much more than what the RBA had pencilled in only a week ago. While NAB still expects a sharp rebound in activity when restrictions ease, the near-term impact is likely to
Due to lockdowns, we expect to see a large hit to activity in Australia in Q3. Our global growth forecast for 2021 is marginally weaker this month, 6.2% compared with 6.3% previously. Global Our global growth forecast for 2021 is marginally weaker this month –6.2%
The survey continues to show widespread impacts of lockdowns. Both conditions and confidence deteriorated sharply in the month, with the latter now back in negative territory. Unsurprisingly, due to its size and the severity of the lockdown in the state, NSW drove much of the
Business confidence has declined for the first time since the COVID-19 economic crisis began in March 2020, with close to half of Queensland businesses owners or their staff saying it has contributed to mental health challenges, Chamber of Commerce and Industry Queensland’s June quarter Pulse Survey shows. Released today, data
In the month of July around 43% of small businesses in NSW were confident about their business prospects, according to the NSW Small Business Commission’s latest Small Business Survey The results show confidence impacted by the NSW COVID restrictions, with confidence falling from the 55%
Australian exports have performed strongly since the start of the pandemic. Most of our principal goods-export partners are in Asia and these economies have weathered the storm comparatively well – so far. Economic strength in the Asia region is the principal reason why Australia’s resources,
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