Posts tagged "economic recovery"

Small and medium businesses will be able to immediately deduct the full cost of all new asset purchases for another 12 months under measures included in tonight's budget.

The current rate of vaccination is likely to set back the opening of Australia’s borders to the world by an extra 81 days, the report says, which will cost approximately $16.4 billion.

Chief Minister and Treasurer Michael Gunner revealed his government’s spending priorities on Tuesday, with this year’s budget to also include a number of measures to benefit the local tourism and hospitality sectors. 

In the lead-up to the 2021 budget, three notable economic facts — about which no speculation is required — loom large.

Each year, Indigenous businesses bring in at least $4.9 billion; now first of its kind research reveals the extent of the economic power and diversity of this sector.

Research shows Australia needs to develop new skills in disruptive technologies to capitalise on the opportunities of the post-pandemic world.

Australians believe small and medium enterprises have the potential to drive our recovery post-COVID-19, but a collective effort from government, business and consumers is needed to help them thrive.

"Talk about returning the economy to normal after the crisis is misguided. Before the crisis, normal was nowhere near good enough," says Ross Garnaut.

Should wage subsidies and small business loans remain Australia's economic response measures of choice into the future?

The unemployment rate is now expected to remain near 6.6% throughout 2021, instead of soaring to almost 10% as economic forecasters expected six months ago.

It’d be wrong to say that we are out of recession, although that’s how the graph of Wednesday’s GDP numbers makes it look.

Australia may officially be out of the COVID-19-induced recession, but GPD growth is but one indication of the economy's health.