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Payroll jobs down as lockdown hits small business

03 March 2021

The latest payroll jobs figures released today by the Australian Bureau of Statistics show the effect Daniel Andrews’ Victoria-wide five-day lockdown had on employment, impacting mum and dad small businesses the hardest. For the two week period between 30 January to 13 February, payroll jobs in Victoria fell 0.4 per...

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ANZ report shows Melbourne faces biggest economic crisis in a generation

25 February 2021

The latest ANZ Stateometer report has detailed the scope of the economic disaster that Melbourne is suffering. ANZ predicts Victoria to be the only state’s economy (Gross State Product) that will shrink in 2020-21 financial year, while every other state and territory is predicted to grow. The report for the...

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Moody’s joins Standard & Poors in downgrading Victoria’s credit rating

23 February 2021

Credit rating agency Moody’s has joined Standard & Poors in downgrading Victoria’s credit rating. Less than three months after Standard & Poors downgraded its credit rating for Victoria two levels from AAA to AA, Moody’s has downgraded its credit rating for Victoria from AAA to AA1 and changed the outlook...

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