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Economy news in Australia | Page 2

An overview of news, trends and research in the category Economy in Australia:

Employment in hard hit sectors will need years to recover A new report reveals that Covid-19’s impact on the job market is going to be severe.
27 May 2020
Majority of Australians to go basic and cut luxury spend More than 60% of Australian consumers plan to cut luxury spending in the post Covid-19 economy, shifting their focus to essential spending instead.
10 May 2020
People and businesses to lose $60 billion in just months As the Covid-19-induced downturn continues to grapple the world, more and more is becoming clear on its devastating impact on the economy.
03 May 2020
Covid-19 will more severely affect society’s vulnerable groups While the Covid-19 outbreak will have a major impact on practically all people, it will more severely affect people with vulnerabilities, say Monique Jackson and Simone Schulz from Nous Group.
21 April 2020
Australia's legal cannabis market blooms to $1.5 billion by 2025 As various phases of legalisation come into effect in different parts of Australia, the country’s cannabis market is expected to break through the barrier of US$1.
12 April 2020
What is the impact of the Coronavirus on Australia's economy? The Coronavirus, known as Covid-19, is having a significant negative impact on the global economy.
17 March 2020
Australia's LNG exports to be impact by the coronavirus Although safe from disruptions so far, Australia’s vibrant liquefied natural gas (LNG) sector could face considerable financial risk from the coronavirus, given that Australia is currently China’s la
24 February 2020
Optimism of Australian CEOs nosedives to record high Optimism of chief executive officers about the global and Australian economy has slumped to a record low, according to a new study by PwC.
09 February 2020
Coronavirus could deliver a $2 billion hit to Australia's economy A reduced flow of people from China as a result of the Coronavirus might deal a $2.3 billion blow to the Australian economy, according to a PwC study.
02 February 2020
Growing middle-market segment a driver of Australia's economy Average revenues in Australia’s middle-market business segment have increased by as much as 10% in the last half a decade, according to new analysis from accounting and advisory firm BDO.
27 January 2020
Sydney's bushfires costing $50 million a day, finds consultancy As Australia’s blistering heat wave continues to unfold, the cost of Sydney’s bushfires has reached up to $50 million worth in economic damages per day.
23 December 2019
Australia's cloud market size to boom to $11 billion by 2023 The Boston Consulting Group (BCG) expects the public cloud market in Australia to surpass the $10 billion mark by as early as 2023, with a significant contribution to jobs in the country as well.
15 December 2019
Better university student performance adds billions to economy Tackling major challenges currently facing the Australian education system could add $3.
10 October 2019
Closing Australia's gender gap adds billions to economy Analysis from Big Four accounting and advisory firm KPMG has revealed that the economic value of a more balanced workforce in Australia could translate into an economic benefit of approximately $60 b
09 September 2019
CEOs in Australia display a positive approach to changes in economy CEOs in Australia appear to be relatively unphased by the economic uncertainty currently prevalent in the economy, as most appear to be optimistic about their growth prospects in the near future.
01 July 2019
Australia a leading destination for migrant millionaires Australia has openly welcomed twelve thousand special category migrants in 2018 – those who are classed as millionaires.
29 May 2019
Concern over AI outweighs confidence in its value for Australian businesses While businesses in Australia perceive investment in artificial intelligence (AI) to be remarkably urgent, a number of them appear not to be ready for the advent of AI technology, according to a new
27 May 2019
Deliveroo to boost Australian labour market by 31,000 jobs The dining sector has been irrevocably changed by the disruptive force of bicycle-based delivery apps such as Deliveroo.
24 May 2019
Lights out Down Under: an analysis of Sydney’s nighttime economy A report by Deloitte Access Economics, titled ‘Imagine Sydney: Play’ has analysed the potential of Sydney’s nighttime economy (NTE) and come up with striking numbers.
20 May 2019
Australia & New Zealand face major dairy export opportunities Australia and New Zealand face major dairy export opportunities in the coming decade, according to a new report by McKinsey & Company in collaboration with the International Dairy Foods Association (
02 May 2019
Chinese investment into Australia plunges to eight-year low Chinese investment into Australia plunged to US$6.2 billion last year according to the latest KPMG analysis, down by more than 35 percent to an eight-year low.
09 April 2019
Oceania set for lowest real wage growth globally in 2019 A forecast by human capital consultancy firm Korn Ferry predicts stormy seas for professionals in Oceania, with the region expected to experience a paltry 0.3% increase in real wages in 2019.
25 February 2019
Private wealth in Australia booms to $6.1 trillion and $279,000 per Aussie Total wealth held in Australia rose strongly over the 10 years to $US 6.1 trillion in 2017 from $US 3.4 trillion in 2007.
14 December 2018
Australia's largest public companies see revenues grow to $659 billion Australia’s largest public companies – those listed on the ASX50 – have seen their revenues grow by an average of 4% over the past twelve months, according to an analysis by KPMG.
10 December 2018
Consulting is vital to support agriculture industry growth, KPMG finds The Australian agricultural industry is going through a dramatic period of growth.
21 November 2018
Oceania’s billionaire club grows by nine The world’s rich-list got even richer this year and Oceania with its relatively low population density took its fair share of the pie.
14 November 2018
Australia’s management consulting market set to expand in 2018 Looking at the combination of Australia’s management consulting market growth in 2017 and the exceptional growth posted by the Big Four firms earlier this year, forecasts for growth in 2018 project a
13 November 2018
Australia’s social progress falters after decade of political uncertainty Australia is one of the wealthiest countries in the world.
10 October 2018
Australia’s debt crisis in a global context; is it as bad as they say? A new analysis by McKinsey Global Institute puts 51 countries’ debt into perspective in terms of government, household and non-financial corporate debt.
13 September 2018
The Netherlands’ agri-food exports three times that of Australias Bordering with Germany and Belgium with a North Sea coastline, the Netherlands is one of the world’s most densely populated countries.
04 September 2018
'There are no winners in a trade war' says KPMG Australia The escalating trade war between the United States and China could play out in three distinct ways.
28 August 2018
New Zealand named the globe's most start-up friendly nation in 2018 New Zealand has been ranked number one overall in a global study of the regulations and requirements necessary to start a business.
21 August 2018

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