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Hi everyone… and to all those in Victoria, hang in there the whole country is supporting you and sending our love. End of another week and more information coming out about the economic damage from the Coronavirus pandemic. . Last night the US economic figures were released showing an 8 per cent contraction in the… Read more »
I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments… Read more »
Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a… Read more »
The economic impact of the COVID-19 crisis is starting to come through in the monthly numbers. The latest were this week’s employment figures. – while the unemployment rate rose from 7.1 per cent to 7.4 per cent in June, it was the highest jobless rate in 21½ years (since November 1998). – the good news was… Read more »
Happy Friday everyone, As Victoria goes back into lockdown to fight a second wave of the Coronavirus, economists are getting concerned about the economic damage and investors are getting spooked. A couple of points to make up front; The Government is borrowing money at less than one per cent interest. I’ve mentioned this before, but… Read more »
A big tick of approval from IMF for Australia The International Monetary Fund (IMF) is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries and has been keeping a close eye on the economic… Read more »
