{"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

Australia\u2019s GDP is going backwards<\/h2>\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

Loan repayments will overtake NDIS to become fastest-growing spending pressure on federal budget<\/h2>\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

Speedy shipping a core driver of online sales<\/h2>\n

Same-day or next-day shipping has become one of the biggest drivers of online sales<\/a> according to new research.<\/p>\n

Australian businesses to pull back on borrowing and investing in 2024<\/h2>\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 trends in 2024: Prices forecast to rise, slower growth<\/h2>\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

Roy Morgan business confidence dropped 4.6pts in November<\/h2>\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>\n

How AI and immersive tech will impact e-commerce in 2024<\/h2>\n

Today\u2019s consumers want to know exactly what they\u2019re getting before they make a purchase<\/a>. But this often isn\u2019t possible when they shop online, where many e-commerce websites still display static and incomplete product images that don\u2019t tell the full story. That said, there are a few immersive technologies\u2014CGI and 3D imaging, augmented reality, AI and automation\u2014that can help e-commerce companies to convey their merchandise\u2019s full look and feel.<\/p>\n

Get in touch<\/h2>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"featured_media":0,"comment_status":"close","ping_status":"closed","template":"","format":"standard","weekly-digest-topic":[],"weekly-digest-type":[],"weekly-digest-region":[],"acf":[],"yoast_head":"\nWeekly Digest \u2013 13 December 2023 - Element Accountants & Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/elementaa.com.au\/weekly-digest\/weekly-digest-13-december-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Digest \u2013 13 December 2023 - Element Accountants & Advisors\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. 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