WA small businesses are the most optimistic in the country concerning revenue prospects in 2021, new research shows.
International financier and multimillionaire, Olympian, cellist, A-list networker, president of the World Bank and Middle East peace envoy — James Wolfensohn was a modern renaissance man.
The ratings agency says Australia is unlikely to suffer a lasting drop in economic growth, despite being hit by its largest economic contraction on record.
The Reserve Bank of Australia is warning against winding down pandemic support measures too soon, fearing it could risk dropping Australia deeper into recession.
Janet Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
The central bank concluded that overall employment losses would have been twice as large over the first half of 2020 without the Federal Government’s wage subsidy.
The BHP boss says the principles of the World War II-era economic agreement must be reinvigorated and renewed for the challenges the world faces today post-coroniavirus.
Gold dropped below $US1900 an ounce as Pfizer announced news of the study, potentially speeding the economic recovery and dimming hopes for additional stimulus.
Yvonne Yue Li
Despite talk of a quick rebound, Reserve Bank Governor Philip Lowe has poured cold water on the notion the recession is over, warning ‘the recovery is expected to be bumpy and drawn out’.
It’s a question exercising the minds of a great many people after today’s decision by the Reserve Bank of Australia to cut the official rate to 0.1 per cent. Here’s what you need to know.
More than 80 per cent of Perth cafes and restaurants audited by the industry watchdog in a year-long probe were in breach of wage and entitlement laws — with workers underpaid nearly $350k.
Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond-buying.
The end of the Federal Government’s free child care package introduced at the height of the coronavirus pandemic lockdown has caused a massive spike in inflation.
Treasury secretary Steven Kennedy says the budget response to the pandemic should have a greater impact in a low interest rate environment.
WA is closing the gap in a key measure of Australia’s best-performing economies but could find success build on the containment of COVID-19 stymied if its hard border remains for much longer.
This week’s inflation figures are expected to see a big jump for the September quarter but that won’t deter the Reserve Bank of Australia from cutting the cash rate when it meets in November.
But Deloitte Access Economics also warns keeping it shut while other states open theirs could present its own challenges.
Governor Philip Lowe also signalled there would be no lift in the record low cash rate for at least three years as the economy recovers from the fallout of the coronavirus.
Massive government intervention and the seemingly unshakeable resources sector will help WA’s economy buck the national trend and power back to growth this year, well ahead of the rest of the country.
Josh Zimmerman and Lanai Scarr
WA’s business community is in agreement that the Federal Budget is right for the times.
WA business owners and industry experts say there are enough initiatives targeting businesses from the Federal Budget to move the economy forward.
Bringing forward tax cuts designed for a very different time? History suggests most of the benefit will be saved, not spent. You’ll need to do better than that to stimulate the economy, ScoMo and Co.
The State’s rebound from the coronavirus is leading the nation, with the number of positions available nearly doubling in the three months to the end of August.
The best is already over for a global economic recovery that started off at a sprint and is turning into a slog.
Enda Curran and Rich Miller
© West Australian Newspapers Limited 2020