Australian Economy in Recession for First Time in 29 Years
03 June 2020
The National Accounts confirm that the Australian economy shrank in the first three months of this year, even before the worst impacts of the Coronavirus were felt.
RBA Interest Rate Decision (June 2020)
02 June 2020
Today’s statement by the Reserve Bank highlights the profound and long-lasting economic impacts of the virus outbreak, and the need for ongoing fiscal support.
CAPEX Collapsed Again Before the Virus
28 May 2020
New data confirms that capital expenditure had continued to collapse in the March quarter, before the worst of the virus outbreak and before the large-scale lockdowns began.
RBA Highlights Dangers of "Snapback" Strategy
28 May 2020
Today the Reserve Bank Governor has highlighted the dangers of the Prime Minister’s “snap back” strategy, warning against a rapid withdrawal of support.
Construction Slowed Before the Virus
27 May 2020
New data shows construction activity has fallen further in the March quarter, even before the worst of the virus outbreak and before the large-scale lockdowns began.
Morrison and Frydenberg's $60 Billion JobKeeper Blunder
22 May 2020
Today the Morrison Government has been forced to admit it has again seriously stuffed-up the roll out of the JobKeeper program.
5.6 Million People Working Fewer Hours in April
21 May 2020
New Australian Bureau of Statistics (ABS) data today provides a detailed breakdown of the challenges facing the Australian labour market.
Jobs Recovery to Six Years: Deloitte
20 May 2020
Deloitte Access Economics’ latest report highlights the dangers of Scott Morrison’s “snap back” strategy, making it clear that Australia’s economic recovery will be long, patchy, and uneven.
730,000 Payroll Jobs Lost Since Virus Outbreak
19 May 2020
New ABS data today confirms that around 730,000 payroll jobs have been lost since the outbreak of Coronavirus, including further job losses over the past two weeks.
Worst Jobs Figures on Record
14 May 2020
Today’s labour force figures released by the Australian Bureau of Statistics (ABS) paint a terrible picture for Australians, with massive job losses and underemployment.