Businesses were overwhelmingly ready for the border reopening on February 5, but ‘disappointing’ decision to postpone will leave them guessing: CCIWA.
WA company bosses are begging the McGowan Government to consider exemptions allowing business managers that are triple dose-vaccinated to travel interstate and internationally.
Danielle Le Messurier
One of WA’s most senior business leaders says industry is “incredulous” about Mark McGowan’s decision to indefinitely delay the reopening of WA’s borders after almost two years of isolation.
Danielle Le Messurier & Sean Smith
WA businesses risk reputational damage around the world following Premier Mark McGowan’s call to indefinitely postpone the State’s border reopening, a peak business lobby warns.
The decision to indefinitely delay the reopening of the State’s borders will only exacerbate a critical skills crisis which has left many key industries in limbo, says the country’s peak business body.
Perth’s relative wealth should stand it in good stead to weather business pressures likely to emerge when the effects of widespread coronavirus transmission emerge.
Westpac chief economist Bill Evans expects Australia’s central bank will begin its interest rate tightening cycle in August with a 15 basis point hike as strong jobs growth drives faster inflation.
The WA jobless rate has fallen to its lowest level since prior to the 2008 Global Financial Crisis – and there are now barely 50,000 people across the State looking for work.
Queensland’s peak business group has revealed the cost of Omicron as the state suffers from a desperate rapid antigen test shortage.
The Australian Bureau of Statistics said employment rose by 64,800 in December which saw the unemployment rate fall to 4.2 per cent.
Colin Brinsden, AAP Economics and Business Correspondent
The boss of financial regulator ASIC says he is worried about the number of Australians exposed to the fluctuations of the crypto market.
The impact of the highly infectious Omicron variant is curbing household spending after strong activity in the final months of 2021.
WA business groups expect the State to benefit from a Federal scheme to make Australia more attractive to backpackers and international students — even though none of them can get here just yet.
Weekly pay for full-time working women has increased more than men’s in the past three years, official statistics show, but the gender pay gap remains stubborn.
Australian household sentiment dropped this month in response to a surge of coronavirus cases that exacerbated existing supply chain problems and prompted shoppers to turn more cautious.
National consumer confidence for January is at a 30-year low as WA shoppers keep spending, but the trends are likely to shift when the State borders reopen.
Wages are expected to finally grow faster than prices next year. Here’s a list of the jobs that will see the biggest increase.
Rebecca Le May and Ellen Ransley
Wesfarmers is on track for solid first-half earnings despite Kmart and Target struggling from the impacts of the COVID-19 pandemic.
Treasurer Josh Frydenberg has revealed the government’s next steps in their battle to keep schools and supermarkets open as Aussies are faced with supply chain shortages.
Deloitte Access Economics says China’s economic softening could weigh on Australia in 2022.
The army of people needed to grow, process, transport, prepare and deliver food to your door has been decimated by Omicron, with no quick fix for a system that sells itself as just that.
Property experts have warned a hidden problem is causing serious issues for housing prices, which could have huge flow-on impacts.
Australia has vowed to defend itself after China took a dispute between the two nations to another level on the world stage.
The impact on WA’s economy when the border reopens is expected to be worse than previous lockdowns, but it will take about four weeks for the toughest conditions to hit.
© West Australian Newspapers Limited 2022