Business
It may be a terrible recession, but it could have been worse – Sydney Morning Herald
In economics, everything is relative. Relative to what we were expecting initially, the recession isn’t as bad as feared. And relative to many other developed economies, we’ve actually got off lightly.
Edwards says that, because of our early success in controlling the virus, the “pandemic in Australia is fading sooner and with less economic damage than expected. While the secondary wave of infection in Victoria is a big setback and there may yet be other regional or local outbreaks, the economic recovery already evident is set to continue.”
The pandemic “from which Australia is now emerging was the most abrupt, savage and frightening economic shock in the lifetime of most Australians. But the…
-
Business16 hours agoWhy did this ASX 200 healthcare stock crash 14% yesterday?
-
Business19 hours agoOwn Xero shares? Here are 3 key takeaways from its AGM
-
General16 hours agoPatients speak out after Brisbane doctor accused of ‘excessive’ pap smears, kissing woman on lips
-
Business15 hours agoHere’s what analysts expect for the BHP share price in the coming year