{"id":10406,"date":"2023-11-21T08:12:43","date_gmt":"2023-11-20T21:12:43","guid":{"rendered":"https:\/\/countax.com.au\/?post_type=weekly-digest&p=10406"},"modified":"2023-11-21T08:46:50","modified_gmt":"2023-11-20T21:46:50","slug":"weekly-digest-22-november-2023","status":"publish","type":"weekly-digest","link":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-22-november-2023\/","title":{"rendered":"Weekly Digest -22 November 2023"},"content":{"rendered":"
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.<\/p>\n
The recent Amex Trendex: B2B Edition survey, focusing on business-to-business spending, reveals a strategic growth mindset<\/a> among Australian businesses.<\/p>\n Deteriorating energy infrastructure, lacklustre entrepreneurship and poor competition rules are holding back the Australian economy, with a new report suggesting\u00a0a drop in competitiveness<\/a>\u00a0is putting at risk future prosperity.<\/p>\n Borrowers will be hoping for signs<\/a> the Reserve Bank can stop lifting interest rates in the minutes from the last meeting and public appearances from the top central bankers.<\/p>\n As our population ages, Australia is going to need to spend more on increasingly expensive services such as health and aged care, while facing fewer people of working age to pay income tax \u2013 which happens to make up the greatest proportion of federal income. The problem is one that all economists (who can never usually agree on anything) are in furious unison over: Australia needs tax reform.<\/a><\/p>\n<\/div>\n Job ads slumped 5 per cent in October and are nearly 20 per cent lower over the past year<\/a>, with hospitality and tourism leading the drop despite the looming peak summer holiday season.<\/p>\n Australia Post Executive General Manager Gary Starr says the Black Friday and Cyber Monday<\/a> “surge has already started”.<\/p>\nSharp drop in Australia\u2019s economic competitiveness<\/h2>\n
All eyes on RBA messaging for hints on rates outlook<\/h2>\n
Higher GST? Negative gearing changes? Why we\u2019ve got to talk about tax<\/h2>\n
Job ads dive in Australia’s most populous states, according to nation’s biggest employment website<\/h2>\n
Black Friday and Cyber Monday \u2018surge has already started\u2019<\/h2>\n
Up to one in ten homes in Australia may be empty. Could they ease the housing crisis?<\/h2>\n