Small business contributes half a trillion dollars to Australian economy, provides 5.1 million jobs, says new report
Australia's small business sector contributes more than half a billion to national GDP and provides jobs for 5.1 million people, according to a new snapshot of the local business landscape.
Half of Australia’s GDP: Why the budget should focus on SME growth
SMEs represent 99.8% of all businesses in Australia, contribute half of the GDP, and are critical to the nation’s economic prosperity and diversity.
Australia’s June quarter accounts show GDP is doing well, but economic management is about to get harder
Australia’s economy is now more than 5% bigger than it was before COVID-19, a better performance than most comparable economies.
Treasurer to name inflation and global slowdown as causes of drop in Australia’s growth forecast
Treasurer Jim Chalmers will tell Parliament that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
Australia’s accounts show GDP going backwards, but spending is already coming back
The September quarter national accounts released on Wednesday are a statement of their time — they show what things were like when NSW, Victoria and the ACT were locked down.
