Australian Economy

Via IA: Tech companies are pleading with the government to develop an IT apprenticeship scheme to help meet a growing demand for tech workers in Australia.

Via the ABS: Preliminary July key figures July 2020 June 2020 to July 2020 $m % change Turnover at current prices Seasonally Adjusted 30 753.2 3.3 Retail turnover, current prices, seasonally adjusted, percentage change Preliminary July key points Current prices The seasonally adjusted estimate rose 3.3% ($993.7m) from June 2020 to July 2020.

Good stuff today from Victoria and great from NSW: The chart: And comparison: Let’s go for elimination.

It may have shaped as the most important policy implementation in a century.

It is fair to say that Australia’s car dealerships are facing a grim future, caught between plunging sales and changing technologies.

Ross Garnaut yesterday at the AFR: It is impossible to snap back to what we had last year.

John Edwards at The Lowy Institute: EXECUTIVE SUMMARY Australia is emerging from the pandemic sooner and at less economic cost than widely expected, but with higher unemployment and elevated debt.

Via WaPo: Economists cite stocks soaring above widespread pain in the real economy as a vivid example of the best-of-times, worst-of-times dynamic emerging from the coronavirus pandemic.

Via Stuff comes a great expose of how Indian slavery arrived in New Zealand.

Via the AFR: Treasurer Josh Frydenberg secretly shunned the Foreign Investment Review Board and Treasury which advised him to approve China Mengniu Dairy Co’s proposed $600 million acquisition of Lion Dairy & Drinks, but he hasn’t publicly announced the rebuff.

It’s not lockdowns.

Via MArtin North: We had been tracking some positive movements after the March fall, but in July we dropped back to 74.19, well below the 100 neutral setting.

Via Westpac: The Index growth rate remains in deep negative territory consistent with recession.