australian economic indicators 2020

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General Social Survey: Summary Results, Australia. Be the first to hear about our Deloitte student opportunities, WA Economic Outlook – May 2020 has been saved, WA Economic Outlook – May 2020 has been removed, An Article Titled WA Economic Outlook – May 2020 already exists in Saved items. The global economy has taken a body blow from COVID-19. Australia: Retail sales slump in August amid strict lockdown in Victoria state. Series of papers from the Institute of International Finance and Deloitte, Amazon Web Services Enabled Success Story. A welcome email is on its way. October 2, 2020. Read more about cookies here. – To provide A$1.7 billion to secure access to over 84.8 million doses of potential vaccines developed by the University of Oxford and the University of Queensland – A A$123 million investment to join the international COVAX facility to provide Australians access to a large portfolio of vaccine candidates around the world – The government is providing A$746.3 billion to support senior Australians in aged care, workers and providers to respond to the pandemic *OTHER INITIATIVES* – To provide an additional A$201.5 million for cyber security – To invest A$23.2 million over three years from 2020/21 for COVID-19 vaccines in Pacific and Southeast Asian countries – To provide A$304.7 million over two years from 2020/21 for additional support for Pacific Island countries and Timor-Leste to recover from the impacts of COVID-19, (Reporting by Swati Pandey) Keywords: AUSTRALIA BUDGET/. Wednesday 30 September 2020. FocusEconomics panelists see the cash rate ending 2020 at 0.25% and 2021 at 0.30%. Twitter The next monetary policy meeting is scheduled for 3 November. Please see, Global investment and innovation incentives, Telecommunications, Media & Entertainment, Latest reports, infographics & case studies. Moreover, the functioning of financial markets has stabilized thanks to the Bank’s interventions, which are underpinning low borrowing costs and abundant credit supply. September 22, 2020. Australia Economic Outlook. Unauthorized distribution, transmission or republication strictly prohibited. There was an error, please provide a valid email address. Get a sample report showing our regional, country and commodities data and analysis. DEBT Net debt is expected to rise to A$966.2 billion, or 43.8% of GDP, by 2023/24 from estimates of A$703.2 billion, or 36.1%, in 2020/21. Client Log In, Facebook If you don't see it please check your junk folder. Now attention must turn to the State’s economic recovery: The WA Economic Outlook is a summary of the Deloitte Access Economics Business Outlook publication with a specific focus on the Western Australian economy, Matt leads the Deloitte Access Economic practice in Western Australia. Indicator Period Unit Value Change previous period Change same period last year; Consumer price index (2011-12 = 100.0) - original: Jun 2020 Qtr: Index no. We don’t see employment returning to its pre-crisis levels in WA until 2024, a sign that the economic recovery from COVID-19 will be long and slow. Moreover, the Bank reaffirmed that it will keep the target for three-year government bond yields at 0.25%. On the downside, demand for energy has tumbled around the world and this will hit WA’s $35bn gas export sector. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. Online Store Job losses were greatest among those aged under 30 and over 70, and in industries most directly affected by the measures taken to respond to COVID-19 – for example, employment in the hospitality industry fell by around a third. | Australia Money | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Australia: Retail sales slump in August amid strict lockdown in Victoria state, Australia: Unemployment rate drops unexpectedly in August thanks to soaring employment, Australia: Retail sales keep expanding in July, Australia: Consumer sentiment at seven-month high in September. © 2020. The outlook remains highly uncertain, however, which could weigh on consumers’ and investors’ spending decisions ahead. The second half of 2020 will be the most difficult period for WA, as the immediate impact to employment and wages works its way through the economy.

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