Western Australian economy resilient in the face of COVID-19
Western Australia’s hard border and strong COVID-19 response has buttressed the local economy to post the strongest economic growth of any State in 2019-20.
Tag: economy
WA leading Australia’s COVID-19 economic recovery
Western Australia’s economy is continuing to bounce back solidly behind its hard border, with new Australian Bureau of Statistics (ABS) data released showing 88 per cent of jobs in the State lost due to COVID-19 were recovered by August 22 2020.
COVID-19 yet to Fully Impact ABS Finance Data
“The number of loans to owner occupiers for established homes fell by 6.3 per cent during April 2020,” commented HIA Chief Economist, Tim Reardon.
Housing weighing heavily on economy
“In a quarter that largely preceded the COVID-19 disruption, residential building activity chalked up the sixth consecutive quarterly contraction in the volume of building work done. The persistent credit squeeze throughout 2019 contributed to home building activity dropping back to levels last seen in 2014,”…
Small business confidence crashes 53 points in 14 days as Coronavirus hits
Even before the COVID-19 pandemic, Australia’s small businesses were feeling stressed by the bushfire devastation and every day cost pressures.
Tax help for businesses and individuals affected by COVID-19
UNSW Tax Clinic is offering free, independent and confidential tax advice for people and small businesses in genuine financial distress, as part of an ongoing initiative with professional service firms PwC Australia and KPMG Australia.
Australia to boost fuel security and establish national oil reserve
The Australian Government is boosting the nation’s long-term fuel security by taking advantage of dramatic falls in global oil prices and building on our historic agreement with the United States to access their Strategic Petroleum Reserve (SPR).
Tasmania and Victoria lead the nation: CommSec State of the States
Victoria remains Australia’s strongest performing economy, but it now shares top spot with Tasmania, according to the latest CommSec State of the States report. Using the latest available information, the report provides a valuable snapshot of the nation in the lead up to the coronavirus…
Australian economy grows 0.5%
The Australian economy grew 0.5 per cent in seasonally adjusted chain volume terms in the December quarter 2019 and 2.2 per cent through the year, according to the Australian Bureau of Statistics (ABS).
Resources and energy employers congratulate Parliament on JobKeeper passage
The national employer group for Australia’s resources and energy industry congratulates the Australian Government on last night’s (April 7 2020) passage of the historic JobKeeper legislation.
Mandatory commercial tenancy code opens door to rent negotiation
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the mandatory Commercial Tenancy Code released by the Federal Government, paves the way for small businesses to negotiate some rent relief with their landlords.
Who’s afraid of the big bad debt?
Are you terrified of Australia’s ballooning debts and deficits? You can strike that off your list of fears. There’s a lot worth worrying about amid a pandemic. But too many people are worrying a bit too much about the cost of protecting our livelihoods at…