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| | | It was good - so good - while it lasted. But as the saying goes, "nothing lasts forever". It had been more than a generation since Australia experienced "the recession we had to have" back in 1990/91. The Australian economy withstood the US savings ... |
| | | | ... sharpest ever three-month contraction - driving it to its weakest growth since the end of World War 2. Deloitte Access Economics said despite the negative news, it is important to keep perspective as Australia has suffered significantly less damage than ... |
| | | | The government's JobKeeper extension has been passed through parliament, prolonging the payments through till March 2021 and tapering the amount from December 2020. A new split system will replace the flat $1500 fortnightly payment with those who work ... |
| | | | The big four banks are set to face the House of Representatives Economics Committee to discuss their response to the COVID-19 pandemic. Committee chair Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding ... |
| | | | The Reserve Bank of Australia (RBA) kept domestic interest rates unchanged - the targets for the official cash rate at 0.25% and the yield on 3-year Australian Government bonds at 25 basis points - at its September meeting, as expected. What came as ... |
| | | | ... time back in August 2014 when then RBA governor Glenn Stevens told the House of Representatives Standing Committee on Economics that he has done enough: "You can't make people be confident, I certainly can't. I've allowed the horse to come ... |
| | | | ... pressures intensified. Business confidence weakened slightly, but remained positive overall. CBA's head of Australian economics Gareth Aird said: "The decline in business activity over August is hardly surprising given the lockdown measures in Victoria. ... |
| | | | If a technical recession is defined as two successive quarters of negative growth, what do you call a period where the economy contracts for three straight quarters... and counting? Japan may have imposed less stringent coronavirus containment measures ... |
| | | | "There's a party goin' on right here A celebration to last throughout the years So bring your good times and your laughter too We gonna celebrate your party with you..." - Kool & the Gang The post-pandemic pool party at Wuhan Maya Beach Water ... |
| | | | "One, two, Freddy's coming for you Three, four, better lock your door Five, six, grab a crucifix Seven, eight, ya better stay awake Nine, ten, he's back again." Just replace "Freddy" with "COVID" and this Nightmare on Elm Street remake of the ... |
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