Politics
Scott Morrison has pledged his government will secure the economic recovery from the pandemic, saying it can’t be taken for granted.
Business
A peak business lobby group is concerned that Australia’s economic lift from recession so far has been more a policy-led bounce rather than a self-sustaining recovery.
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The Reserve Bank has slashed official interest rates to 0.1 per cent and predicted rates would not start rising for at least another three years as it introduced a raft of measures to spark an economic recovery.
Queensland business model of tourism and exports has been broken by the impacts of the pandemic and will reduce its ability to recover, according to a report from Deloitte.
There are certain things Queenslanders are just not willing to do during COVID-19. Go to the office and catch public transport are two of them, according to the Google mobility data.
Business has cheered the reopening of borders but warn of a “September cliff”’ when JobKeeper subsidies end and the zombie companies it props up will fail.
