A recession isn’t “imminent”, US Treasury chief says, as the Australian market watches on
There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.
Elon Musk says recessions “serve a purpose” after Atlassian’s Scott Farquhar critiques Tesla WFH policy
The Tesla CEO claimed recessions serve a "vital" purpose after Farquhar opened the door to Tesla employees put off by Musk's office policy.
RBA forecasts show Australia won’t recoup last year’s real wage cuts until later this decade
The RBA thinks we're heading for the same rut of low wages growth as before the pandemic. That leaves workers behind and unlikely to catch up for a long time.
Economists say there is light at the end of the lockdown tunnel, but it all hinges on vaccinations
These economists are not wholly pessimistic about the outcomes for SMEs, and say the return to economic growth is paved with vaccines.
Recession or not, the latest lockdowns will end RBA’s hope to boost wages
Suddenly we're talking about a recession that no one suspected a week ago, as lockdowns crush the economy. But the real impacts will be on monetary policy.
Josh Frydenberg has an opportunity to crush unemployment and transform Australia
Josh Frydenberg has the opportunity to become a transformational Australian treasurer if he is willing to go for broke on unemployment.
Returning the economy to where it was pre-COVID-19 is nowhere near good enough: Ross Garnaut
"Talk about returning the economy to normal after the crisis is misguided. Before the crisis, normal was nowhere near good enough," says Ross Garnaut.
Australia’s economic forecasters are suddenly optimistic about 2021
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 isn’t right to say we are out of recession, as these six graphs demonstrate
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.
“Not going to be roses”: Australia might be out of recession, but economic recovery has only just begun
Australia may officially be out of the COVID-19-induced recession, but GPD growth is but one indication of the economy's health.
How the Australian government could restart immigration, generate revenue for regional areas and drive economic growth to boot
Faced with a difficult economic recovery from the COVID-19 pandemic, Australia needs to quickly reestablish immigration.
eBook: Everything you need to know about managing HR in your SME through a recession
Download this eBook today to begin building your recession-proof workplace culture.
