Skip to content

What's New

arrowAsset 1@3x

AdviceCo is excited to announce the successful acquisition of...

Read More
arrowAsset 1@3x
arrowAsset 1@3x

Business Planning Workshop Register now In this 90-minute workshop,…

Read More

Upcoming Events

Cashflow Crunch-ed! Workshop

Cashflow Crunch-ed! Workshop: Where does the cash go, and how to find it in your business faster

Wed, 18 September 2024

SMSF Seminar - New rules, new strategies. What do I do?

Self-Managed Superannuation Seminar – New rules, new strategies. What do I do?

Wed, 30 October 2024

Sign up to b-Mail!

Want to hear the latest news as it happens? Simply fill out the form below and we'll send you regular updates so you can stay in the loop.

Give us a ‘V’ Posted on April 22, 2021

vaccine

‘V’ for vaccine and ‘V’-shaped economic recovery. The V-word has had a polarising and exhausting effect on the nation. No matter what your position, the health and economic implications are significant. In this article, we focus on the latter.

The economic impact of a delayed rollout is an increased risk of spot lockdowns, and sustained restrictions on borders and travel.

As we know all too well, lockdowns cripple retail, hospitality, tourism, higher education, art and recreation, transport and mining industries. Lockdowns put pressure on the government for stimulus support and as Treasurer Frydenberg continues to remind us, every dollar spent from now is a borrowed dollar.

Like the rest of the world, the Australian economy tanked when COVID hit last year, but unlike other economies, we rebounded quickly in V-shaped format with GDP rising 3.1% in the December quarter.

The contributing factors can be first and foremost suggested to be consumer spending growth at or above 2.3%, followed by Government stimulus measures, especially JobKeeper, lower interest rates, private business investment up 3.9%, machinery and equipment spending up 8.9%, and residential investment up 4.1%. 93% of jobs lost in the peak of the COVID pandemic had been recovered by February 2021.

We’re in a good spot. The mere threat of lockdowns has a negative impact on consumer confidence which is why it is so critical to eliminate the threat.  The only weapon in our arsenal, is the vaccine.

Source: Australian Bureau of Statistics, One year of COVID-19: Aussie jobs, business and the economy

https://www.abs.gov.au/articles/one-year-covid-19-aussie-jobs-business-and-economy
ac-logo-whiteArtboard 1@3x

Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. 

be better off.

talk to us Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. From structuring to sustainability, we'll help you reach your financial goals and live the lifestyle you deserve.

be better off.