2021-04-28 06:06:13 GMT2021-04-28 14:06:13(Beijing Time) Xinhua English
MALE, April 28 (Xinhua) Major business sectors in Maldives including tourism, construction, and wholesale and retail trade have registered positive growth in the first quarter of 2021, local media citing the Maldives Monetary Authority s (MMA) Quarterly Business Survey reported Wednesday.
Data from the MMA showed that employment levels have increased in tourism, wholesale and retail trade, and decreased in construction, transport and communication. Projections for the second quarter showed that the construction sector had the most optimistic prospects for growth.
The survey report said that selling prices in wholesale and retail trade, and construction would continue to grow in the second quarter. However, average prices in tourism, and transport and communications are expected to decline.
NAB report finds the Australian economy on track to reach pre-COVID level
Brooke Cooper | April 22, 2021 2:55pm |
More on: Image source: Getty Images
In good news for the Australian economy, Australia’s business activity is almost back to its pre-coronavirus level. That’s according to
National Australia Bank Ltd(ASX: NAB) findings in its latest
The survey reported most industries were experiencing above-average conditions, and companies were confident they would continue to grow. Profitability, trading and employment are all in expansionary territory.
The NAB survey predicted the economy would continue to grow at a healthy rate, despite supports such as JobKeeper winding up. Let’s take a closer look at the survey’s results.
Underemployment and wages stagnation threatens COVID recovery, warns economist
Posted
ThuThursday 4
updated
ThuThursday 4
FebFebruary 2021 at 2:23pm
EY s chief economist Jo Masters says stubbornly high underemployment is likely to see real wages fall and hurt the economic recovery.
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A leading economist is warning labour market slack will push your take-home pay lower over the next two years and that could threaten the nascent Australian economic recovery.
Key points:
Wages are expected to grow just 1.25 per cent per annum for the next 18 months
Over the same period, consumer prices are expected to rise 1.5 per cent per annum, meaning workers purchasing power will fall