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.

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…

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

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

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.

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

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.

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

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.