{"id":10179,"date":"2023-12-12T10:13:20","date_gmt":"2023-12-11T23:13:20","guid":{"rendered":"https:\/\/elementaa.com.au\/?post_type=weekly-digest&p=10179"},"modified":"2023-12-12T11:19:45","modified_gmt":"2023-12-12T00:19:45","slug":"weekly-digest-13-december-2023","status":"publish","type":"weekly-digest","link":"https:\/\/elementaa.com.au\/weekly-digest\/weekly-digest-13-december-2023\/","title":{"rendered":"Weekly Digest \u2013 13 December 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
We have now had three consecutive quarters of falling GDP on a per capita basis<\/a>. That last happened 40 years ago during the 1982-83 recession.\u00a0That is not good. And it doesn\u2019t get any better when you break down what drove what little growth there was.<\/p>\n A mid-year budget update will show the Commonwealth is also wearing the pain of higher interest rates<\/a>, with new figures revealing interest payments will overtake the National Disability Insurance Scheme (NDIS) to become the fastest-growing\u00a0spending pressure on the budget.<\/p>\n Same-day or next-day shipping has become one of the biggest drivers of online sales<\/a> according to new research.<\/p>\n Businesses in Australia are planning to pull back on their loans and investments in the upcoming year, according to a survey<\/a> commissioned by Small Business Loans Australia, a business loan comparison site.<\/p>\n Australian housing prices are predicted to increase<\/a> in the next year, though at a slower pace than in 2023, driven by tax cuts, robust population growth, and sluggish housing supply.<\/p>\n In November 2023 Roy Morgan Business Confidence was 85.8 (down 4.6pts since October). The fall in Business Confidence<\/a> came after the RBA increased interest rates by 0.25% on Melbourne Cup Day to 4.35% – the highest official interest rates have been since December 2011.<\/p>\nLoan repayments will overtake NDIS to become fastest-growing spending pressure on federal budget<\/h2>\n
Speedy shipping a core driver of online sales<\/h2>\n
Australian businesses to pull back on borrowing and investing in 2024<\/h2>\n
Australian housing trends in 2024: Prices forecast to rise, slower growth<\/h2>\n
Roy Morgan business confidence dropped 4.6pts in November<\/h2>\n
How AI and immersive tech will impact e-commerce in 2024<\/h2>\n