The domestic economic and political debate has this week been dominated by discussion about jobs, immigration, skills and pay, ahead of the Australian Government’s ‘Jobs & Skills Summit’ this Friday.
To help spread the word about the importance of cardiac rehabilitation, including digital models of care, cardihab has developed a series of infographics.
In Australian economic news, official labour force figures for July showed that unemployment fell further, to 3.4 per cent. These figures continue to be lowest in 48 years, and now mean that there are more jobs vacancies than people looking for employment.
Inflation recently reached 6.1 per cent (for the year to end-June) in Australia, the highest rate in 19 years, and it is likely to get worse. Inflation is bad news for many businesses. Rising raw material and wage costs means profit margins often shrink.
In Australian news, there was discussion in The Australian Financial Review about the risks that the current weakness in the Chinese real estate market could pose to economic activity in Australia.
The Reserve Bank issued new quarterly economic forecasts, with expectations that growth would be 3.5 per cent this year and settle to 1.75 per cent in 2023 and 2024. Inflation is forecasts to reach in the region of 7.75 per cent by the end of the 2022 and decline to around the top of the target range (2-3 per cent) by the end of 2024.
ENA Respiratory Pty Ltd has achieved a significant milestone with the successful enrolment of all 123 participants in its Phase 2a flu-challenge study conducted at hVIVO.
