The ATO is offering $150,000 per asset write-offs as an economic lifeline for small businesses struggling financially amid the pandemic. Despite the write-offs being five times the normal amount granted to small businesses in a financial year, most are not partaking. A survey by SME
As COVID-19 continues to impact consumer buying habits, it’s more important than ever to have an accurate view of the current market. This allows you to pinpoint what’s declining, what’s thriving and where the real opportunities lie. News Xtend recently pivoted our ‘Brave are the
Treasurer Josh Frydenberg’s statement on the economic impact of the COVID crisis: Household consumption and business and dwelling investment are all forecast by Treasury to fall sharply in the June quarter. The combination of social distancing, lower incomes and increased uncertainty are weighing heavily on aggregate
The COVID-19 pandemic is likely to alter consumer behaviours permanently and cause lasting structural changes to the consumer goods and retail industries, according to findings of an Accenture survey of more than 3,000 consumers in 15 countries across five continents. The survey, which was conducted between April
Treasurer Josh Frydenberg’s statement on the economic impact of the COVID crisis: Australia finds itself at war against a faceless and flagless enemy. The coronavirus has created a one in a hundred year event. A health and economic shock the likes of which the world
Roy Morgan has revealed Business Confidence fell 18.2pts in April 2020, marking a 19.1 per cent drop. The drop in consumer confidence came as 64.8 per cent of businesses revealed they were currently “worse off” financially than this time last year. “Roy Morgan Business Confidence
Image: Reuters China, South Korea and Taiwan are just some of the places using Big Data, AI and other emerging technologies to manage the effects and mitigate the risks of COVID-19; Jamaica and several countries in continental Africa offer good examples of leadership approaches that
Image: Reuters/Soe Zeya Tun • Asia-Pacific are beginning to introduce easing of lockdowns due to COVID-19. • Even countries with low case rates face economic hardships. • Phased reopenings are being implemented in many places. Countries all over the world are announcing their plans to emerge from
Physical retail contracted 35% more than online retail did during the GFC. This time we believe the figures will be more extreme. In some ways, this crisis is similar to the SARS epidemic of 2003, which also saw a disruption to travel, work and the
Experts say yes – but it could all come down to the budget. Catastrophic economic damage is pushing world economies to think about how they will rebuild as the COVID-19 coronavirus pandemic eases – but new figures suggest the biggest opportunities for Australia’s recovery will
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