There are two critical considerations from a business continuity perspective - can your business survive the next few months; and what is the longer-term outlook?
Australian women are bearing the brunt of the initial economic impact of the Coronavirus (COVID-19) pandemic as job cuts start to mount.
To date, in an Australian context, the federal and state governments’ measures announced amount to approximately A$200 billion or 10% of GDP.
Reasons for employee layoffs revealed: 1.2 million businesses were already struggling to stay afloat
New research has provided a clue as to why Australian businesses have had to let go of their employees so quickly after the Government-mandated shutdowns.
The current COVID-19 situation is introducing levels of volatility in foreign currency markets not seen since the 2008 Global Financial Crisis.
Australians impacted by COVID-19 who are seeking a payment pause or deferral on their loan repayments, need not worry about the impact on their credit report, confirms consumer education website CreditSmart.
"Although the coronavirus is fueling the demand for cannabis, listed corporations in the industry don't seem to be benefiting yet," said Kryptoszene analyst Raphael Lulay.
The survey reveals nearly a third (32 per cent) of employed Australians are either in credit or have under $100 left in their pocket, after paying all their essentials each month.
The Australian Lottery and Newsagents Association (ALNA) is urging landlords to step up and create arrangements with their retailers that properly acknowledge the significant reductions in turnover occurring, as the Federal Government has done.
The global economy is likely to be headed for recovery from a coronavirus-triggered downturn within six months – but only if mass testing is rolled out now and governments guarantee to support demand.