Business & Economy

A Budget supporting economic growth, which small and medium-sized enterprises will welcome.

There are two main stimulus measures, which have been extended for another 12 months, which is quite a surprise but a very pleasant one.

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Spending in right areas as Budget negotiates balancing act

As the economy rebounds from the setbacks of 2020, the government has had to navigate a path with an eye to both immediate needs and the longer term.

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Economy bounces back but private investment shortfall looms

The Australian economy has bounced back from the COVID-induced economic downturn faster and stronger than all expectations.

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KPMG Chief Economist, Dr Brendan Rynne comments on today’s employment figures

While KPMG anticipate job losses will occur as a consequence of the wage subsidy programme ending, we are not expecting to see job figures ‘falling off a cliff’ next month either.

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KPMG migration report proposes visa concessions to boost regional Australia

Addressing shortages in the domestic workforce caused by closed international borders remains a top priority for businesses in 2021

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Caught unawares by a supply chain glitch? Business continuity is more than a plan on a page

For a week, the world watched the Ever Given container ship, carrying 18,300 containers wedged in the Suez Canal. On Monday, it was freed, although the ripple effect will flow throughout the supply chain for some time.

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No ‘return to normal’ until 2022, if ever, KPMG global CEO survey finds

Almost half of CEOs do not believe there will be a return to pre-COVID business operations until 2022

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Dr Brendan Rynne, KPMG Chief Economist, comments on ending of the JobKeeper program

KPMG anticipates the ending of the JobKeeper program will add to the pressure of those marginal workers and businesses that are still struggling in this coronavirus-impacted economy.

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Family Businesses leveraged their ‘patience capital’ during COVID-19 and now ready to lead the recovery

Family business with their long-term mindset and resilient family members places them in a key role to lead Australia’s economic recovery.

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Faster global rollout of COVID -19 vaccine a $17bn boost to Australia

KPMG forecasts a global rise of 4.4 percent in GDP this year. But there is a big caveat. So much is dependent on the speed and success of international vaccine distribution.

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KPMG Chief Economist, Dr Brendan Rynne, comments on today’s ABS data on unemployment and population

Overall, we believe the unemployment rate will stay around its new level for the next few months as the economy consolidates and handles the transition out of high levels of government support to the business sector.

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Sharpening the focus on risk in the Family Office

For nearly all family offices, the events of 2020 certainly didn’t kickstart the decade in the way they may have envisaged. In a year where the nation suffered both environmental and economic shocks, resilience was certainly put to the test.

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Dr Brendan Rynne, KPMG Chief Economist, responds to RBA cash rate announcement – is the bond market right or is the RBA?

Even with the current surge in house prices, the RBA has not changed the cash rate today – no surprise, given it has been signalling rates could stay at historically low levels until 2024.

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