Preface Economic freedom measures rank countries based on the rule of law, government size, regulatory efficiency, and (most relevant to this discussion) market openness. This includes freedom of trade, investment freedom and financial freedom. In terms of overall economic freedom, Australia ranked fifth after Hong Kong, Singapore, New Zealand and Switzerland in the 2016 ranking.…
The Australian Small Business Commissioner Kate Carnell warned that due to the further reduction in the subsidy amount of the Australian government’s JobKeeper program, many small business employees have been lost and employers are unable to recruit new employees. According to the Australian government’s plan, the amount of the “Retention Subsidy” will be reduced from…
New home sales almost doubled in December, and home buyers scrambled to buy before the deadline for HomeBuilder subsidies. Buyers hoping to buy houses before the end of the HomeBuilder subsidy began to act, and the number of new house contracts almost doubled in December. The HIA (Housing Industry Association, Housing Industry Association) latest new…
Employment in the December quarter returned to pre-covid-19 levels, indicating that the official employment situation has further improved, and GDP is stronger than expected. The Reserve Bank of Australia may reduce its quantitative easing program as early as April. Bjorn Jarvis, Director of the Bureau of Labor Statistics of ABS, said: “From early December to…