Tasmania has been Australia’s top performing state for the past year, but other jurisdictions are catching it up. Commonwealth Securities’ quarterly State of the States analysis shows Tasmania leading the pack for the fourth quarter in a row as the best performing economy. “But notably there has been compression in the rankings with little to…
Australian Economy Showing a Marked Rebound, Inflation Not Likely to Worry RBA Just Yet
The Australian economy is showing a marked rebound from its first recession in decades, but the improvement is unlikely to alter the outlook for interest rates while inflation remains extremely subdued. The latest consumer price index is expected to show benign price pressures overall, with government stimulus measures keeping the lid on some categories. Economists’…
Australian Firms Pay Bills Quicker in Improved Times
In a further sign of improving economic conditions, payment times between businesses declined in many industries last year. However, there are concerns that this trend could be cut short from the imposition of snap COVID-19 lockdowns. Research by commercial credit bureau CreditorWatch found 15 out of 19 industry groups reported a reduction in the time…
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