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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Federal and NSW government measures to support business and households

Until the vaccination program is successfully executed policy makers will need to maintain a deft touch with one foot on the brake and the other on the accelerator.

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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 the NSW Budget

The underlying economic premise of this budget is one of turning the corner and focusing on a more prosperous and progressive future.

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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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Dr Brendan Rynne, KPMG Chief Economist’s forecasts for Q4 and the remainder of 2021 

Given last week’s stronger than expected capital expenditure figures, we are upgrading our forecasts for this week’s Q4 GDP figure to 2.3 percent.

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KPMG Chief Economist Dr Brendan Rynne comments on today’s speech by RBA Governor and the ABS labour figures

Today’s Labour Force survey shows that the Australian economy was continuing to recover in September despite the unemployment rate ticking up to 6.9 percent.

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Dr Brendan Rynne, KPMG Chief Economist, comments on the ABS June quarter national accounts

The latest GDP results shows the national economy screeched to halt in the June quarter of 2020, declining 7 percent from the previous quarter, to be down 0.2 percent year on year.

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Roaring Tigers of the New Australian Economy

Migrants into Australia are a vitally important part the economy, worth $1.6 trillion by 2050. Migrants not only offer important economic benefits, they also bring diversity of thinking, innovation and growth to the Australian business landscape.

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Student intake could fill the skilled migration COVID gap

Among the myriad reasons to hope for a vaccine for COVID-19 is that an ongoing shortfall in skilled immigration will significantly damage Australia’s medium-term economic fortunes.

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