Heise Says
#Australia #GDP #Recession Economists are predicting another reduction in Australia GDP growth this quarter. Let’s see if the RBA forecasts are incorrect once again? https://youtu.be/BooLsvLSgvE References GDP to take another step down, but how low will it go?https://www.abc.net.au/news/2019-09-01/gdp-to-take-another-step-down-but-how-low-will-it-go/11462508?section=business
#JobAdvertisements #Recession #Employment Job advertisements have plunged in the latest data released by ANZ. References https://media.anz.com/content/dam/mediacentre/pdfs/jobads/2019/September/ANZ%20Job%20Ads%20Aug%2019.pdf
#Recession #Australia #Economy Australian businesses are feeling the weakness of our economy. References Businesses cut back as weak economy puts pressure on profits https://www.abc.net.au/news/2019-08-30/business-cut-back-as-weak-economy-puts-pressure-on-profits/11462736?section=business
#Recession #DebtCollection #Bankruptcy Debt collectors are using Bankruptcy as a strategy to collect on outstanding debts. References
#Australia #China #Economy Australia’s economic dependence on China is being discussed in the mainstream media. References Australia’s dependency on China https://www.news.com.au/finance/economy/australian-economy/figures-show-how-much-australias-economy-relies-on-china/news-story/7c7028cbcc999ffb279bdd0b49f04341
#Recession #Australia #LivingStandards Australian living standards are declining in relation to other OECD counties. So now is naturally the time to take on a huge mortgage and buy a new home! References Australia managed to survive the global recession – but all that good work has been wasted https://www.theguardian.com/business/grogonomics/2019/aug/29/australia-managed-to-survive-the-global-recession-but-all-that-good-work-has-been-wasted
#Virgin #JobCuts #Airlines Virgin Australia is cutting 750 jobs because of a significant loss due to fuel and foreign exchange costs. References https://www.abc.net.au/news/2019-08-28/virgin-to-chop-750-jobs-as-it-posts-349m-loss/11455840
#CashBan #IMF #NegativeInterestRates It’s good to see that the ABC is beginning to report and discuss the prospect of negative interest rates, with reference to IMF research. References Banning cash so you pay the bank to hold your money is what the IMF wants https://www.abc.net.au/news/2019-08-26/cash-ban-so-you-pay-the-bank-to-hold-your-money-what-imf-wants/11443646
#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]
#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html