Tag: Economy

A weakened Australian Dollar may spell bad news for Australia’s economic recovery.

The U.S records worst inflation in more than three decades. Is Australia next?

In the minutes of the Monetary Policy Meeting of the Reserve Bank Board, held on October 5th, Board members express uncertainty about Australia’s wage growth over the coming months. When comparing Australia’s wage inflation to other developed countries, members noted that reports of labour shortages caused by COVID-19 had not yet impacted wages. The minutes […]

The economy is hard to measure. Today, the Australian Bureau of Statistics (ABS) released GDP data showing that Australia’s economy has been spared from a “technical” recession this quarter, with economic growth over the last four months sitting at 0.7%. However, this definition of a recession is flawed in its reliance upon a single data […]

When the economy hits a rough patch, small and medium businesses suffer first and often worse than their larger counterparts. But why is this, and how can consumers and businesses owners best withstand economic shocks?  Since the start of the pandemic, we have seen small businesses suffer through lockdowns, reduced capacities and COVID-19 restrictions. These […]

Small businesses represent the beating heart of the Australian economy. Their contribution allows for economic growth and wellbeing. The health of the economy relies heavily on small operations and their hardworking owners and employees.  Small and Family Enterprise Ombudsman Bruce Billson said, “Vitality in the small business sector is really central to jobs growth, innovation […]

The technology platform ‘Supp’ is witnessing a major increase in available jobs for hospitality workers as Australia rebuilds its economy.

Australian company, VentureCrowd, announces partnership with Uniseed to support Australian research.

New research by Banjo Loans reveals that many small to medium-sized Australian businesses are feeling positive about the road ahead.

Whilst spending in the areas of childcare, aged care, disability and mental health featured favourably in the 2021 federal budget, when it comes to economic recovery measures for businesses there were notable exclusions.