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Welcome to the Accounting Evolution blog space. Here we aim to keep you informed – always, and entertained – where possible (it is tax and accounting after all), with selected content designed to keep you abreast of changes, trends, new products and anything else of interest in the world of Tax and Accounting. If you want to know what’s happening, come back regularly to the Accounting Evolution blog pages.

Economic Update Video – December 2020

Tuesday, December 15, 2020|victoria
November was an extraordinary month for the global and local economy. Early indications are that swift action by the government and the RBA have limited the impact of the COVID recession. 

Economic growth is now forecast to contract 4% in 2020, before rebounding 6% in the year to June 2021.

Joe Biden’s US election victory released a pressure valve on global markets with US shares reaching new historic highs and Australian shares rising more than 9% over the month.

The Reserve Bank has kept the cash rate at its current record low of 0.1%. The cash rate is not anticipated to be increased for at least three years.

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This Newsletter provides general information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances. We have representatives that are authorised to provide personal financial advice. Please see our website www.evogroup.net.au or call 02 9098 5055 for more information on our available services.

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