Business & Economy

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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Dr Brendan Rynne, KPMG Chief Economist, comments on RBA rate decision

As anticipated, the Reserve Bank of Australia board today left the cash rate unchanged at 0.1 percent, despite increasing noise about an impending uptick in inflation and wages. KPMG believes…

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Transition planning, leadership diversity, entrepreneurship keys to family business future

There is more to transition in a family business than deciding what date the leader will step down and deciding who will take over

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Dr Brendan Rynne, Chief Economist, comments on today’s ABS employment data

KPMG expects the consequences of JobKeeper and other support packages ending will play out fully over the next few months.

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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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