Posts tagged "coronavirus affecting Australian economy"

The federal government’s coronavirus stimulus package does little to help sole traders and freelancers, and exposes the “dangerous underbelly” of Australia’s labour market.

In order to stave off a recession, the government has announced its $17.6 billion economic stimulus package. Here's what it means for your business.

"We urge all of you to be cautious, focus on the things within your control, support your teams and lean on us as much as possible."

On Friday, SmartCompany asked its readers what the government’s stimulus package should look like. Here's what they had to say.

Australian ethical toilet paper brand Who Gives a Crap is seeing its sales take off in the UK, following a massive influx of demand in Australia.

Hand sanitiser orders are exploding for a South Australian manufacturer as the threat of coronavirus empties supermarket shelves of the product globally.

COSBOA association members will meet today to discuss how industry associations and governments at all levels can protect businesses from coronavirus.

The RBA has cut the cash rate to an all-time low of 0.50% “to support the economy as it responds to the global coronavirus outbreak”.

Coronavirus is sinking the global economy, fostering fear and causing panic, but there are a few unlikely groups benefitting.

Typically, a Torres Strait Island fisher can sell a live lobster for $65-95 a kilogram. Now, prices for live lobsters are down 50–80%.

The Australian wine industry has already taken a hit due to the bushfires. Further loss of sales due to coronavirus could be devastating.