Banks Prepare For Consumers To Skip Out On Credit Card Payments
Credit card payments are often among the first loans people stop paying during economic crises, as they are usually unsecured. Lenders are... Read More
Australian Consumer Confidence Continues To Bounce Back
The ANZ-Roy Morgan Consumer Confidence has lifted for the second week in a row, rising by 8.8% to 78.2. This comes on... Read More
NAB Business Survey: ‘Business Outlook Weakest Ever’
The results are in from the National Australia Bank’s (NAB) March 2020 business survey, and as could be expected, the COVID-19 pandemic... Read More
Retail Turnover Was Up 0.5% In February, Before COVID-19 Really Hit Australia
According to the latest Australian Bureau of Statistics (ABS) figures, Australia’s retail turnover rose by 0.5% in February 2020. This followed a... Read More
Government Hiring During Downturn: ‘Thousands Of Jobs’ On Offer
As the retail and hospitality sectors stand down hundreds of thousands of employees, state governments are trying to hire more people and... Read More
Australian Consumer Confidence Hits 30-Year Low
Last week the ANZ-Roy Morgan Consumer Confidence Index fell by 27.8% to hit a 30-year low. The survey was conducted last weekend... Read More
S&P Forecasts COVID-19 Will Cost Asia-Pacific $620 Billion
Standard & Poor’s (S&P) has estimated that the Asia-Pacific region’s total and permanent income loss caused by COVID-19 will amount to $620... Read More
What To Do In A Recession – Angus Jones, Former CMO Of LG
Four weeks ago the Australian share market hit an all-time high, now it is about 30% less. A month later the world... Read More
Virus Panic Tipped To Hit Economy
SYDNEY: Accounting outfit KPMG has tipped the coronavirus to result in an 0.9 percent hit to the Australian economy in 2020, with... Read More
Hibernation Economy Helping CE & Appliance Retailers
Consumers who have taken to hibernating, working from home and stocking up on food in Australia are driving CE and appliance sales... Read More