Australian economy proves hard to wreck, says jgfarb:
The Reserve Bank of Australia said on Aug. 6 that it expects the country’s economy to grow 4.25% in 2022 and unemployment to fall to 4% by the end of 2023 despite recent outbreaks of the Covid-19 Delta variant that have prompted lockdowns in Sydney, Melbourne and beyond.
“The experience in both Australia and overseas is that the recent lockdowns have been less damaging to the economy than the lockdown in the first half of last year,” the RBA said in a statement. “This is because business models have adapted to restrictions activity, and the restrictions themselves have generally become more targeted now that more is known about how the virus is transmitted.”
The RBA surprised markets on Aug. 3 with a decision to proceed with tapering its bond-buying programme from A$5 billion a week to A$4 billion starting in September. Australia’s Treasury on Aug. 3 issued research findings that showed tough nationwide lockdowns cost the economy an estimated A$3.2 billion a week, but that looser restrictions would cost more. At a 50% vaccination rate, the direct economic cost of minimising cases would be around $570 million a week, according to the study by the Doherty Institute.FILE PHOTO: Pedestrians walk past the main entrance to the Reserve Bank of Australia head office in central Sydney, Australia, October 3, 2016.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Frank Ocean’s New Homer Store Is a Fresh Vision of LuxuryAs with most things of Frank Ocean’s creation, the announcement of his new luxury company Homer came suddenly and as something of a surprise
Weiterlesen »
Biden administration takes fresh action against Belarus' LukashenkoU.S. President Joe Biden on Monday signed an executive order imposing new measures aimed at punishing Belarus' President Alexander Lukashenko as the United States steps up pressure against his government in coordinated action with the United Kingdom and Canada. On the anniversary of the presidential election Lukashenko is accused of rigging, the United States will also issue its largest round of sanctions to date on Belarusian individuals and entities, targeting the country's economy and the Belarusian National Olympic Committee, a White House official said. The U.S. Treasury Department will blacklist Belaruskali OAO, which the official said is one of Belarus’ largest state-owned enterprises and one of the world’s largest producers of potash, which is used in fertilizers and is Belarus' main foreign currency earner.
Weiterlesen »
Biden administration takes fresh action against Belarus' LukashenkoU.S. President Joe Biden on Monday signed an executive order imposing new measures aimed at punishing Belarus' President Alexander Lukashenko as the United States steps up pressure against his government in coordinated action with the United Kingdom and Canada.
Weiterlesen »
Indonesian volcano churns out fresh clouds of ash, lavaYOGYAKARTA, Indonesia (AP) — A volcanic eruption on Indonesia’s turbulent Mount Merapi churned and boiled Monday, sending renewed flows of lava and ash down its slopes for a second day. Pyroclastic flows — avalanches of rock, ash and volcanic gas — burst from the mountain's actively growing lava dome inside the crater.
Weiterlesen »
Why Blame-Shifting Is a Form of Verbal AbuseDo you have a blame-shifter in your life? Here's how they tend to assert their innocence and maintain control of the relationship.
Weiterlesen »
Photo proves there are 2 types of kids on the first day of schoolOne's ready to go, while the other isn't — sounds about right, doesn't it?
Weiterlesen »