The Reserve Bank will offer commercial lenders up to $200 billion in cheap cash to help bolster the recovery from recession with the depth of Australia's worst economic downturn since the end of World War II to be revealed on Wednesday., the RBA board on Tuesday surprised markets by extending its term funding facility that enables banks to access low-interest funds that can then flow to small and medium-sized businesses.
Exports fell 6.7 per cent, led down by an 8.3 per cent drop in coal sales and a 3.2 per cent slip in LNG sales. Iron ore exports defied the drop to grow by 5.4 per cent. He signalled more government support on top of low interest rates would be needed to help the economy.
swrighteconomy Central banks recklessly trashed the financial system with cheap debt post-GFC, such that it cannot survive without permanently low rates.....and now they want to do it all over again? Idiots.
swrighteconomy RBA JoshFrydenberg please watch out the the companies use JobKeeper hefty bonus payments to their CEO
swrighteconomy Leave it up to free market ?! 🤮 Its time for a national bank
swrighteconomy And then we have the anticipation of this lot gorging them selves on our super.
swrighteconomy And what’s the Josh Frydenberg’s plan for the economy? Where’s the road map? Ah I forgot, the LNP has no plan.
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An economy like 2016 as sales and wages collapseThe Australian economy could shrink to where it was when Malcolm Turnbull narrowly won the 2016 election, with new figures revealing sales across almost every industry have collapsed, dragging down incomes | swrighteconomy swrighteconomy Well the growth in the last few years was built on debt anyway..... swrighteconomy 2016? Go back further id say to the early 90s
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Australian economy showing 'remarkable resilience' despite COVID havoc | Sky News AustraliaTreasurer Josh Frydenberg has praised the remarkable resilience of the Australian economy in the face of the COVID-19 pandemic which has 'wreaked enormous havoc across the global economy'. \n\nDuring Question Time on Tuesday, Mr Frydenberg spoke of the 'staggering' impact on GDP being experienced around the globe in the fallout of the pandemic. \n\n'In the United Kingdom, it's been around 20 per cent, in France it's been around 14 per cent,' he said.\n\n'In Germany it was 10. 1 per cent and the United States it was 9.1 per cent'. \n\nAustralia's GDP is widely predicted to take a hit in when the National Accounts for the June Quarter are released on Wednesday. \n\nHowever, Mr Frydenberg said the expectation is that the fall in Australia 'will not be as large as we've seen in other countries around the world'. \n\n'Indicating the remarkable resilience of the Australian economy,' he said. \n\nMr Frydenberg also said there have been 340,000 jobs created over the last two months in the country. \n\nImage: News Corp Australia JoshFrydenberg Why did the morrison government give millions from the relief to Murdoch media? JoshFrydenberg But even your best pokie players know when to pull out JoshFrydenberg Hydroxychloroquine Should Be Available Over The Counter
Source: SkyNewsAust - 🏆 7. / 78 Read more »