The International Monetary Fund has projected that India’s economy will grow by 5.9% for the current fiscal year April 2023 - March 2024, a downward revision of 0.2 percentage points since the January forecast. Gradual recovery “The global economy’s gradual recovery from both the pandemic and Russia’s invasion of Ukraine remains on track,” IMF Chief Economist Pierre-Olivier Gourinchas said, adding …
The level of employer concentration in some of Australia's labour markets is so high that powerful employers are suppressing workers' wages. Key points: The impact on wages paid by dominant employers is getting worse in Australia A Treasury paper suggests employer dominance suppressed wages in the years before the pandemic Weaker bargaining power among workers is also impacting wages growth …
The Federal government is warning states to stay open or risk Australia's economic recovery from COVID-19 shutdowns. Key points: Federal Treasurer Josh Frydenberg warns states not to 'overreact' to the Omicron variant, in order to maintain economic momentum Queensland and the Northern Territory will soon open their borders, but Western Australia will stay closed until next year Mr Frydenberg also …
