Business & Economy

Fall in employment accelerates as lockdowns continue

Jodie Patron, KPMG Senior Economist, responds to ABS August jobs data

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ESG, corporate purpose, cyber, top list of CEO priorities, KPMG outlook shows

Environmental, Social, and Governance (ESG) issues and corporate purpose have risen up the priority list among Australian and global CEOs, KPMG’s annual survey of international business leaders reveals.

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When will I retire? The data tells the story

Demographers, economists and policy makers are increasingly concerned about the ageing population and increasing number of people aged over 45 who will start to transition into retirement over the next…

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Lowest unemployment figures for 13 years disguise a country divide. June improvement reversed by July lockdowns

The latest ABS jobs data shows state variations, driven by the latest COVID-19 lockdowns which have again divided the economy.

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Our first Impact Report: strong financial performance and a step-change in transparency

KPMG Australia recorded revenue of $2.022 billion ($1.911bn excluding recoverable expenses, YOY growth of 9.4%) last financial year.

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Federal Government co-funds further business support for NSW and Victoria

With COVID-19 restrictions continuing in both New South Wales and Victoria the Federal Government is contributing to economic support programs in both states.

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Australia’s GDP likely to drop by $10b following extended COVID-19 restrictions

Understanding the economic impact of the current restrictions is very difficult, and comparing to past lockdowns is useful, but only to a point.

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Jodie Patron, Senior Economist, KPMG, comments on today’s unemployment figures

The headline of today’s ABS jobs figure is very positive – the lowest unemployment rate for a decade.

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Why during a pandemic are house prices soaring?

One of the conundrums of the COVID-19 era to many is why during a pandemic – with recession only having been staved off by mass government stimulus packages – house prices have been soaring.

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA announcement

The RBA Board has announced it will continue with highly accommodative monetary policy settings in the near term, albeit with a couple of the monetary policy levers notched back a step.

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Business leaders and policymakers must choose between complacency and courage

We can slip into complacency with our economic bounce-back, or we can reflect on how we overcame ideology during COVID and acted decisively and with agility and apply that approach to shape a prosperous future.

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Dr Brendan Rynne, KPMG Chief Economist, comments on the March quarter GDP figures

The statistics show that, as hoped for by the Government, the drivers of the economic growth are shifting away from  COVID-19 related government support spending to additional expenditure by businesses and households.

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