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Australia is heading back into recession Our recession will be painful, protracted and political. Save Share It is more likely than not now that Australia is heading back into recession through the second half of the year. This will look and feel very different to last year’s downturn. It will be less dramatic, though more protracted. Indeed, the downturn may well extend into next year. Underpinning these forecasts is an expectation that South Australia and Victoria emerge from lockdown soon, and that Greater Sydney follows in the next couple of months. The household savings ratio is also still more than twice pre-pandemic lows (11.6 per cent versus 5.4 per cent), hence there is a lot of dry powder. Moreover, with Q3 GDP now set to be a weak print, it should be arithmetically straight-forward for an improvement in Q4, or so the story goes. ....
A man skirts a barricade at Bondi Beach (Image: AAP/Joel Carrett) COVID-19 case numbers continue to climb across Sydney, with 136 cases recorded overnight a record high for 2021. NSW Premier Gladys Berejiklian described the situation as a national emergency as she called for the federal vaccine rollout to focus on Sydney. It s not clear what labelling the outbreak a national emergency will do. The National Emergency Declaration (Consequential Amendments) Act was legislated only last year after the bushfire royal commission and can be declared by state and territory administrators if extraordinary measures are required to prevent or minimise the effect, or likely effect, of that emergency on the territory . ....
Azalea Health Honored as Bronze Stevie® Award Winner in 2021 American Business Awards® for Response to COVID-19 Share Article Stevie winners will be celebrated during virtual awards ceremony on June 30 We could not be more proud of the work we’ve done to support the heroes in our provider community through this difficult time, and it is an honor to be recognized for that work by the American Business Awards ATLANTA (PRWEB) May 11, 2021 Azalea Health Innovations Inc. (Azalea Health) today announced it was named the winner of a Bronze Stevie® Award in the Most Valuable Corporate Response to COVID-19 category in the 19th Annual American Business Awards®. ....
Tammy Duckworth, D- Illinois, issued the following news release on April 12, 2021:. U.S. Senators Tammy Duckworth and Dick Durbin today announced that Illinois will receive $65.3 million in back payments from the Federal Emergency Management Agency thanks to President Biden's decision to waive the 25 percent state cost share requirement for assistance. ....