Federal parliament needs to work with the government to pursue measures that will boost innovation and make industry more competitive in to counter strong economic headwinds, according Business Council chief executive Jennifer Westacott. Westacott said that “all stops” must be put out to accelerate Australia’s rate of growth and build a more resilient and innovative … Continue reading Business Council calls for measures to sure up economic growth
Digital innovation can deliver $315 billion in gross economic value to Australia over the next decade, according to a new landmark report from AlphaBeta advisors, commissioned by CSIRO’s Data61. Launched today at D61+ LIVE science and technology showcase event in Brisbane, the Digital Innovation report outlines the nation’s next billion dollar industries and strategic areas … Continue reading New report highlights Australia’s $315bn opportunity in digital innovation
Australian economic growth has picked up pace, growing by 3.4 per cent in the year to the end of June, driven by increased consumer demand. It is a step up from the 3.1 per cent year-on-year GDP growth in the March quarter and above the 3 per cent the Reserve Bank had forecast. “Growth in … Continue reading Economy grows at fastest pace since mining boom
Australia’s resources and energy export earnings increased by 1.2 per cent to reach a record level of $52.5 billion in the September quarter of 2017. Minister for Resources and Northern Australia Matt Canavan said the figures in the December 2017 Resources and Energy Quarterly (REQ) showed the value of the resources sector to the Australian … Continue reading Resources and energy reach $52b earnings in Q4 2017
According to a press statement by the Victorian Government has backed more local Gippsland businesses to drive growth and create almost 100 new jobs across the region. Minister for Industry and Employment Wade Noonan and Member for Eastern Victorian Harriet Shing toured Gippsland Solar in Traralgon to announce new grants from the Victorian Government’s $10 … Continue reading 100 new jobs created as Vic Government backs Gippsland businesses
M2, the new “one stop shop” that CSIRO says will bring the best in knowledge and technology has been created by CSIRO, Monash University and Monash Health Translation Precinct (MHTP). The creation of M2 is aimed at turning innovative concepts into a reality for Australia’s flourishing medtech industry and benefit millions of patients as a result of the … Continue reading M2 launched for growing medtech industry
Towards the close of last month, the Turnbull Government announced that Moody’s has maintained Australia’s AAA credit rating, with a stable outlook. Moody’s has noted the Government’s record of “strong economic management” that has ensured Australia’s AAA credit rating which has been maintained with all three major ratings agencies. According to the Treasury’s statement, Moody’s decision … Continue reading Moody’s reaffirms Australia’s AAA rating
The World Bank has reaffirmed its forecast that global economic growth will improve to 2.7 per cent this year, with an improvement in manufacturing and trade, market confidence and commodity prices. According to the World Bank, advanced economies are showing signs of improvement, particularly Japan and Europe. The seven largest emerging markets – China, Brazil, … Continue reading World Bank forsees pickup in manufacturing and trade
Industrial production in the US is forecast to increase 2.2 per cent in 2013. This compares favourably to the expected GDP growth of just 1.8 per cent.
The Medical Technology Association (MTAA) is calling on the Government to develop a national strategy which will enable the manufacturing of medical technologies to reach its full potential.