| By comparison, Australia recorded a seven per cent contraction over the same three-month period. Government debt was forecasted to peak at $200 million or 55 per cent of GDP while unemployment would likely peak at 11 per cent in 2022.
Opposition Leader Judith Collins raised concerns the nation's recession would result in the migration of skilled people to Australia. However, Minister for Finance Grant Robertson said New Zealand’s unemployment figures would likely remain lower than those in Australia, and growth moving forward was likely to be better.
Ohhhh but she elimated virus? Oh wait a sec she didnt actually its back
Cindy’s smile won’t be so big
Nothing a hug won’t fix.
How can this be!!? All the geniuses on twitter told us the economy correlates with covid deaths - are you saying they might have been wrong? 😲
NZ PM didn't even know what GDP was? Is this govt lying going into an election? Are JA and LP holding Kiwis to ransom by political campaigns to open the border if you vote for them? Stoping other party's from campaigning while no Covid in South Island and most of North?
deaths = 24 twenty four two, four.
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JobKeeper 'a headwind' to nation's economic recovery | Sky News AustraliaUTS Business School’s Warren Hogan says the focus of October’s federal budget has got to be on how to get the economy into the recovery mode.\n\n“And that’s about how to get JobKeeper out and finish with that in March,” Mr Hogan told Sky News.\n\n“How to get the bank moratorium over but not have the economy weaken.”\n\nThe Morrison government will deliver its budget in the first week of October, which usually gets released in May but was pushed back due to the coronavirus.\n\n“There’s a lot of challenges there, so they may have to look at short term programs like the UK used, the subsidising of lunches and dinners in London,” he said.\n\n“Who knows what they will come up with, but they have still got to provide stimulus for the economy in a targeted and sharp way.\n\n“They have to be there ready to support but not too much support that stops the recovery.\n\n “JobKeeper is a headwind to a recovery.”\n _warrenhogan bit hard when you got dropkicks like andrews and Palaszczuk trying to sabotage the countries economy for their chinese masters.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Sydney and Melbourne house prices feel brunt of coronavirus downturnAustralia's biggest property markets dropped more than 2 per cent in the June quarter as COVID-19 affected the market. Tumbled? Really? Melbourne property prices fluctuate that much in a month usually. Because there's less immigration. They'll fall 20% by middle of next year
Source: theage - 🏆 8. / 77 Read more »
Sydney and Melbourne house prices feel brunt of coronavirus downturnAustralia's biggest property markets dropped more than 2 per cent in the June quarter as COVID-19 affected the market. JennieDuke swrighteconomy This is so surprising. I expected it to be the reverse. Who is buying apartments? JennieDuke swrighteconomy They have been kept artificially high by real estate bastards for years. About time the prices fell. Prices really have to go back to 1990's prices. JennieDuke swrighteconomy Do you even proofread your articles? “... the total value of the nation's housing stock dropped by $98.2 billion to $7.1 billion during the quarter”
Source: smh - 🏆 6. / 80 Read more »
South Australia opens borders to ACT | Sky News AustraliaSouth Australian Police Commissioner Grant Stevens has announced the state will open its border to ACT residents, however visiting New South Wales residents will still be forced to quarantine.\n\n“We are requiring people to make a declaration on their pre-approval, and we expect people to be honest,” he said.\n\nThe Police Commissioner said South Australia would “continue to monitor the performance of NSW as it relates to community transmission.\n\n“Ideally we’ll be looking for a 14-day period with no community transmission in NSW which would give us the comfort to remove that 14-day quarantine,' Mr Stevens said. \n\n“We are advised daily by health in terms of where we currently sit.”\n\nImage: News Corp Australia So Canberraians will be beamed up and into SA without setting foot in NSW, dick heads Sounds suspect. Gotta move the news cycle past Morrison's shameful disrespect of the dead and their family. Heartless bastard. I'm sure the PM was happy to call in a favour from the SA Libs.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Illegal entrants to South Australia face fines, prosecution | Sky News AustraliaSouth Australia is lifting restrictions for travellers from the ACT from midnight on Tuesday.\n\nThe state closed its borders to all domestic travellers in March, requiring anyone who crossed the borders quarantine for a 14-day period.\n\nResidents from New South Wales and Victoria will still have to undergo quarantine upon entering the state.\n\nPolice have said they will be monitoring arrivals carefully to ensure people from New South Wales do not try and fly into South Australia via Canberra.\n\nAnyone found to have lied on declaration forms provided will face a $1,000 fine and possible prosecution.\n Is this Australia? Getting beyond ridiculous Looking forward to South Australia being a test case for allowing the virus to spread. Hopefully it won't kill too many of us. Not surprised the Premier didn't have the guts to announce the decision himself. the Cessna out of Canberra to Adelaide still won't be very full
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Treasurer wins support to use debt to build Australia out of recessionThere's been a surge in support for the government to use debt to build the nation out of recession, while businesses back a GST increase to pay down debt. swrighteconomy Hooray. Pumping super expensive gas everywhere. FixedIt swrighteconomy Pump it up! We're only at 40% debt/gdp. Fiscal Stimulus to 11 now! Step on it! That's what the Greens and Labor want anyway, right? swrighteconomy Why not you lot put us in the worst recession we have had since the Great Depression of the 1930s disgraceful this is something we expect from a Labor Government not a Liberal Government just wait till this recession kicks in and the people realise what you have done to us
Source: smh - 🏆 6. / 80 Read more »