Economy
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We’re doing well despite Delta, but 3 economic challenges remain
Richard Holden | September 20, 2021Australia faces economic problems down the road if three big, structural reform areas – housing affordability, the tax mix, and decarbonisation – are not addressed in the post-COVID recovery.
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OECD upgrades Australia’s economic growth outlook
Josh Frydenberg | December 3, 2020The OECD has upgraded Australia’s economic growth outlook for 2020 while noting that the COVID-19 pandemic continues to exert a substantial toll on economies and societies, in its latest Economic Outlook Report.
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City of Sydney announces plans for post-pandemic recovery
First 5000 | June 30, 2020Better public spaces, support for Sydney’s most vulnerable communities, a revitalised visitor economy and support for business innovation are the focus of the City of Sydney’s post-pandemic recovery plans.
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Effect of COVID-19 on Victoria: report
First 5000 | April 22, 2020New modelling shows the potentially unprecedented impact the coronavirus (COVID-19) pandemic may have on the Victorian economy across the rest of the year and into 2021.
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A recession may be inevitable – here’s how to prepare
Andrej Kovacevic | April 1, 2020Now, with the global coronavirus pandemic spreading and travel restrictions taking hold worldwide, a recession isn’t just likely – it’s already happening. To help mid-size business leaders chart a course to get through this current crisis, here is an overview of what steps to consider to prepare a business to ride out the storm.
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Economic growth better than expected but check worry remains
First 5000 | March 5, 2020“Australia’s economy expanded by 0.5 per cent during the final quarter of 2019, a result that was a bit better than anticipated,” according to Master Builders Chief Economist Shane Garrett.
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Challenging conditions demand fiscal stimulus measures: CPA Australia
First 5000 | February 6, 2020CPA Australia’s 2020-21 federal budget submission proposes the government implement a suite of both short and longer-term fiscal measures that will help to stimulate the economy.
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Contribute to the May issue of GAPs’ journal on complex problem solving
First 5000 | February 3, 2020Global Access Partners is seeking submissions for the second issue of its Journal of Behavioural Economics and Social Systems (BESS). Submissions close Friday, 28 February.
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CEOs anticipate deteriorating conditions in 2020: report
First 5000 | January 31, 2020The Australian Industry Group’s latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity.
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It’s time to accelerate economic growth
First 5000 | December 20, 2019The mid-year budget update shows the budget is still on track to return to surplus but that more needs to be done to accelerate economic growth so Australians can get ahead, Business Council of Australia chief executive Jennifer Westacott said.
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Business leaders’ confidence in the economy slumps: report
Stephanie Christopher | December 4, 2019The race to the finish line of the calendar year is a critical period for reviewing big decisions; budgets, targets, resourcing and investments to set a clear direction come the new year.
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Moore tells inquiry Sydney lockout laws have devastated night time economy
First 5000 | July 24, 2019New data from the City of Sydney has today revealed almost 500,000 fewer people under the age of 35 are visiting the city each year since the NSW Government introduced the lockout laws in 2014.
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Interest rate cut one piece of economic growth jigsaw
First 5000 | July 2, 2019The RBA has cut official interest rates for the second month running and lenders have been urged to fully share the reduction, especially for home loan and SME business customers.
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International Day of the Seafarer
First 5000 | June 25, 2019Australians are being urged to consider the significant contribution of merchant seafarers to the country’s economy and society as the world marks the International Day of the Seafarer.
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Strong population growth reinforces need for microeconomic reform
First 5000 | June 20, 2019Official results show that 2018 was one of the strongest years on record for population growth, with the number of people living here rising by 404,780 during the year.