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Tuesday, January 26, 2021

Tag: economy

Australia enters first recession since 1991

ABS data released today confirmed Australia has entered its first recession since June 1991 with GDP falling 7% in the June quarter.

Industry urges tax reform, before youth are stuck with the bill

Urgent tax reform has been called for in Australia, after fears COVID-19 measures could leave future generations with enormous debt.

Pandemic could cost global economy $21 trillion: ANU

Research from the Australian National University (ANU) indicates the global economy could lose up to $21.8 trillion USD in 2020 alone, due to the coronavirus pandemic. The researchers, led by Professor Warwick McKibbin...

Summernats ready to rev up economic recovery

This year’s Summernats delivered a direct economic impact to the ACT of $29.7 million and organisers are hopeful next year’s event will proceed and provide a much-needed boost to the local economy. File image.

100 new ACT public service jobs created

One hundred new, temporary, casual jobs will be created within the ACT Public Service following another expansion of the Jobs for Canberrans Fund.

Buying Australian equals supporting Australian jobs

The Mental Health Foundation Australia is encouraging the Australian public to support and buy Australian made products to boost employment which can reduce mental health issues.

Additional major infrastructure spend ‘fiscally irresponsible’ says Barr

Local small business leaders have called on the ACT Government to finance numerous major infrastructure works to stimulate the local economy.

What’s behind fluctuating fresh produce prices

Consumers are still paying a premium for some varities of fresh produce, but grocers say its due to market forces at work outside the COVID-19 crisis.

Unemployment rates steady in March, but set to rise

National unemployment figures for March saw a negligible difference month on month, but the economic impact of COVID-19 was yet to be registered by the ABS.

ACT unemployment rate expected to double

Describing the COVID-19 lockdown as this generation’s ‘war time’ experience, ACT Chief Minister Andrew Barr expects the Territory’s unemployment rate to double.

26,000 ACT casual workers not eligible for wage subsidy

Up to 26,000 casual and migrant workers in Canberra are ineligible for the Federal Government’s JobKeeper wage subsidy scheme, according to new research.

Petrol prices fall amid COVID-19 crisis

Petrol prices in the ACT are continuing to fall, despite Canberrans paying for the most expensive petrol in the country over the March quarter.