The Federal Budget on October 6 was the start of a pivotal month on the economic scene. Budget estimates released later in the month revealed a deficit of $132.5 billion in the year to September. While the deficit is expected to peak next year, there are also some positive signs emerging. The ASX200 finished slightly […]
The Reserve Bank forecasts the economy will contract 6% this year before rebounding 5% in 2021. The recent company reporting season provided an insight into the financial impact of COVID-19 on the economy and for investors. Only 75% of ASX 200 companies reported a net profit in the year to June. Full-year earnings were down […]
The government’s July budget update gave an insight into the economic impact of the health crisis, below is a video to assist you to stay up to date with the latest indicators. The economy contracted by an estimated 0.25% in 2019-20, with a further fall of 2.5% in 2020-21. The budget deficit is estimated to […]
In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for retirees and workers. Between the first $17.6 billion package announced on March 12, and this latest $66.1 billion package, the emphasis has shifted from stimulus aimed […]
Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. Economic activity remains patchy, with the RBA forecasting that Australia’s economy will stay flatter for longer. Growth of 2.25% this year rising to […]
The Liberal/National Party Coalition has been returned to government, as Australians chose continuity over change and cautious economic management over Labor’s ambitious reform agenda. Although Prime Minister Scott Morrison’s election spending promises were more modest than Labor’s, they will still deliver economic stimulus in the form of personal tax cuts and other initiatives. This is […]
Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators. After slumping in December, global sharemarkets began recovering, with gains extending over the month. However there are signs the global economy is weakening, […]
Your financial well-being and plans for the future can be impacted by various economic events. Below is a video to assist you to stay up to date with the latest indicators. The economic news out of the US and in Australia was mostly positive in October. But that didn’t stop a global sharemarket correction. We […]