Underpinning the recovery has been an aggressive containment of the coronavirus that has allowed factories to quickly reopen and capitalise on a global rush for medical equipment and technology.
But Deloitte Access Economics also warns keeping it shut while other states open theirs could present its own challenges.
The great Australian dream of home ownership is stronger than ever, with a new report revealing today’s millennials were prioritising getting onto the property ladder more than any other generation.
Scott Morrison is ramping up pressure on Labor to support the Government’s new program that gives employers money for hiring people under 35, saying more young people lived in Labor electorates.
Everyone dreams of finding that elusive, life-changing gold nugget. Now record gold prices, the TV shows like Aussie Gold Hunters and WA’s closed border have seen a mini prospecting boom in the State.
WA’s hard border is starting to create an uneven playing field among the State’s business community, with some companies adversely impacted, while others are reaping the benefits.
Among the latest data released by the ABS is the startling revelation that an estimated 580,000 children were living in jobless families at the height of the pandemic.
Victoria is ‘continuing to drag the national economy down’ with the federal government urging the embattled State to ease back restrictions faster.
The McGowan Government is facing questions over its $600 electricity bill bonus from private energy operators, who are concerned their customers may miss out on the scheme.
Danielle Le Messurier
Data released today shows Australia’s unemployment rate has increased to 6.9 per cent, while WA’s has dropped to 6.7 per cent - which the Premier says is another example of ‘WA carrying the country’.
Governor Philip Lowe also signalled there would be no lift in the record low cash rate for at least three years as the economy recovers from the fallout of the coronavirus.
The impact of WA’s hard border on local businesses has been revealed, with many companies expecting access to customers and skilled workers to get worse
WA retailers are in a “sweet spot”, and if recent trends are anything to go by, can certainly expect a solid Christmas trading period, according to an industry expert.
The nation’s economic recovery from the coronavirus pandemic continues, with half of all mortgage holders who deferred loans during the pandemic now making repayments.
Opposition Leader Liza Harvey has sounded the call to ‘silent West Australians’ in a Budget reply characterising the McGowan Government as ‘mean-spirited’ and ‘starved of hope and aspiration’.
If there was any doubt Australians were happy with Treasurer Josh Frydenberg’s tax-cutting Budget, another gauge of confidence has soared and suggests optimists are back in the driving seat.
One of the world’s peak economic bodies has backed tight lockdown measures such as WA’s hard border, saying they mitigate the negative economic impact of COVID-19 if done early.
The McGowan Government has been accused of concealing a $4.1 billion ‘election slush fund’ in last week’s State Budget, with the Liberal Party’s Dean Nalder blasting the fiscal blueprint.
There were also healthy increases in the survey sub-indices for ‘current’ and ‘future’ economic conditions and for ‘future finances’.
Bank boss Matt Comyn believes the Commonwealth will play a significant role in Australia’s economic recovery over the next few years.
The Premier acknowledged that while WA was expected to be in a better financial position than other States, it was not willing to revisit the national tax carve up.
Premier Mark McGowan has said bringing down WA’s hard border could mean fresh coronavirus restrictions for businesses as a safeguard designed to contain potential outbreaks.
The Government sells it as ‘safe and strong’. My thought was: ‘underwhelming and unimaginative’.
Shadow Treasurer Jim Chalmers has defended Labor’s $6 billion childcare package for benefiting people who earn more than $500,000.
© West Australian Newspapers Limited 2020