{"id":12490,"date":"2024-03-12T08:11:49","date_gmt":"2024-03-11T21:11:49","guid":{"rendered":"https:\/\/numberkrunchers.com.au\/?post_type=weekly-digest&#038;p=12490"},"modified":"2024-03-12T09:33:14","modified_gmt":"2024-03-11T22:33:14","slug":"weekly-digest-13-march-2024","status":"publish","type":"weekly-digest","link":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/","title":{"rendered":"Weekly Digest \u2013 13 March 2024"},"content":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy.<\/p>\n<h2>Australian economy grows &#8216;a little but not a lot&#8217;<\/h2>\n<p>Australia&#8217;s\u00a0<a href=\"https:\/\/www.9news.com.au\/national\/australia-economy-gdp-0-2-per-cent-rise-december-quarter-2023\/e22de076-c7d4-453e-8dd6-04bb67983163\" target=\"_blank\" rel=\"noopener\">economy grew by 0.2 per cent<\/a> in the December quarter, the smallest increase in more than a year but one that nonetheless pushed the nation to nine successive quarters of growth.<\/p>\n<h2>Almost 1 million Australians are working at least two jobs as cost-of-living pressures bite<\/h2>\n<p class=\"dcr-4cudl2\">Almost 1 million Australians are working at least two jobs as many workers struggle to meet cost-of-living pressures amid rising underemployment. The <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/08\/almost-1-million-australians-are-working-at-least-two-jobs-as-cost-of-living-pressures-bite\" target=\"_blank\" rel=\"noopener\">latest figures from the Australian Bureau of Statistics<\/a> released on Friday show 970,700 people held multiple jobs in December 2023, up from 957,100 three months earlier.<\/p>\n<h2>Stronger ASEAN business engagement critical to Australia\u2019s future economic prosperity<\/h2>\n<p>The Business Council is calling for a <a href=\"https:\/\/www.bca.com.au\/stronger_asean_business_engagement_critical_to_australia_s_future_economic_prosperity\" target=\"_blank\" rel=\"noopener\">greater level of investment and collaboration between Southeast Asian countries<\/a>, to boost economic growth, as regional business leaders meet in Melbourne to take part in ASEAN.<\/p>\n<h2>Cost of living and digital economy shape 2024-25 compliance and enforcement priorities<\/h2>\n<p>Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the <a href=\"https:\/\/www.accc.gov.au\/media-release\/cost-of-living-and-digital-economy-shape-2024-25-compliance-and-enforcement-priorities\" target=\"_blank\" rel=\"noopener\">ACCC\u2019s compliance and enforcement priorities<\/a> for the year ahead, ACCC Chair Gina Cass-Gottlieb announced.<\/p>\n<h2>Australia\u2019s LNG shipments slump for the first time in years<\/h2>\n<p>An eight-year growth streak for Australian liquefied gas exports that turned the nation into one of the world\u2019s biggest shippers of the fossil fuel has come to an end as <a href=\"https:\/\/www.smh.com.au\/business\/the-economy\/australia-s-lng-shipments-slump-for-the-first-time-in-years-20240307-p5fajv.html\" target=\"_blank\" rel=\"noopener\">production fell last year for the first time since 2015<\/a>.<\/p>\n<h2>Australian bank closes 45 branches to become digital only<\/h2>\n<p>Bankwest will become a digital-only bank, <a href=\"https:\/\/www.theepochtimes.com\/world\/australian-bank-closes-45-branches-to-become-digital-only-5602289?utm_source=Aomorningbriefnoe&amp;src_src=Aomorningbriefnoe&amp;utm_campaign=Aomorningbriefnoe-2024-03-07&amp;src_cmp=Aomorningbriefnoe-2024-03-07&amp;utm_medium=Aoemail&amp;cta_utm_source=Aomorningbriefnoecta&amp;est=33nqEM7kHiGoHBdkkUB%2BIBCm4PdZIixPajCcuB6Qb914fF1fIYYXIV5SkOmuQ0%2Fk\" target=\"_blank\" rel=\"noopener\">closing 45 branches in Western Australia<\/a> and transitioning 15 to Commonwealth Bank of Australia (CBA) branches.<\/p>\n<h2>\u2018Force you\u2019: ATO\u2019s warning on business debts<\/h2>\n<p>After three years of \u201clenient payment terms\u201d, the<a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/force-you-atos-warning-on-business-debts\/news-story\/720a3b09d2c42c6dcf854d46c665f53e\" target=\"_blank\" rel=\"noopener\"> ATO is back to collecting<\/a> an estimated $50 billion of outstanding tax debts.<\/p>\n<h2>GDP growth slightly below RBA\u2019s forecast<\/h2>\n<p>The Australian economy has grown just shy of the central bank\u2019s predictions, ABS data has revealed. Australian gross domestic product (GDP) rose by 0.2 per cent during the December quarter (seasonally adjusted, chain volume measure) according to the <a href=\"https:\/\/www.mortgagebusiness.com.au\/economy\/18849-gdp-growth-slightly-below-rbas-forecast\" target=\"_blank\" rel=\"noopener\">latest Australian National Accounts data<\/a> released by the Australian Bureau of Statistics (ABS).<\/p>\n<h2>Get in touch<\/h2>\n<p>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":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Digest \u2013 13 March 2024 - Number Krunchers<\/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:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/\" \/>\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 March 2024 - Number Krunchers\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Australian economy grows &#8216;a little but not a lot&#8217; ...Read More... from Weekly Digest \u2013 13 March 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Number Krunchers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NumberKrunchersAustralia\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-11T22:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-Logo-18-Sep-2023.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"262\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/\",\"url\":\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/\",\"name\":\"Weekly Digest \u2013 13 March 2024 - Number Krunchers\",\"isPartOf\":{\"@id\":\"https:\/\/numberkrunchers.com.au\/#website\"},\"datePublished\":\"2024-03-11T21:11:49+00:00\",\"dateModified\":\"2024-03-11T22:33:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Weekly Digests\",\"item\":\"https:\/\/numberkrunchers.com.au\/weekly-digest\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Digest \u2013 13 March 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/numberkrunchers.com.au\/#website\",\"url\":\"https:\/\/numberkrunchers.com.au\/\",\"name\":\"Number Krunchers\",\"description\":\"Bookkeeping Services in Launceston\",\"publisher\":{\"@id\":\"https:\/\/numberkrunchers.com.au\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/numberkrunchers.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/numberkrunchers.com.au\/#organization\",\"name\":\"Number Krunchers\",\"url\":\"https:\/\/numberkrunchers.com.au\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/numberkrunchers.com.au\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-amended-logo.png\",\"contentUrl\":\"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-amended-logo.png\",\"width\":400,\"height\":187,\"caption\":\"Number Krunchers\"},\"image\":{\"@id\":\"https:\/\/numberkrunchers.com.au\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/NumberKrunchersAustralia\",\"https:\/\/www.linkedin.com\/company\/number-krunchers-australia\/\",\"https:\/\/www.instagram.com\/numberkrunchersaustralia\/\",\"https:\/\/www.youtube.com\/@NumberKrunchersAustralia\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weekly Digest \u2013 13 March 2024 - Number Krunchers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/","og_locale":"en_US","og_type":"article","og_title":"Weekly Digest \u2013 13 March 2024 - Number Krunchers","og_description":"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Australian economy grows &#8216;a little but not a lot&#8217; ...Read More... from Weekly Digest \u2013 13 March 2024","og_url":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/","og_site_name":"Number Krunchers","article_publisher":"https:\/\/www.facebook.com\/NumberKrunchersAustralia","article_modified_time":"2024-03-11T22:33:14+00:00","og_image":[{"width":960,"height":262,"url":"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-Logo-18-Sep-2023.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/","url":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/","name":"Weekly Digest \u2013 13 March 2024 - Number Krunchers","isPartOf":{"@id":"https:\/\/numberkrunchers.com.au\/#website"},"datePublished":"2024-03-11T21:11:49+00:00","dateModified":"2024-03-11T22:33:14+00:00","breadcrumb":{"@id":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/numberkrunchers.com.au\/weekly-digest\/weekly-digest-13-march-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Weekly Digests","item":"https:\/\/numberkrunchers.com.au\/weekly-digest\/"},{"@type":"ListItem","position":2,"name":"Weekly Digest \u2013 13 March 2024"}]},{"@type":"WebSite","@id":"https:\/\/numberkrunchers.com.au\/#website","url":"https:\/\/numberkrunchers.com.au\/","name":"Number Krunchers","description":"Bookkeeping Services in Launceston","publisher":{"@id":"https:\/\/numberkrunchers.com.au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/numberkrunchers.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/numberkrunchers.com.au\/#organization","name":"Number Krunchers","url":"https:\/\/numberkrunchers.com.au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/numberkrunchers.com.au\/#\/schema\/logo\/image\/","url":"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-amended-logo.png","contentUrl":"https:\/\/numberkrunchers.com.au\/app\/uploads\/NK-amended-logo.png","width":400,"height":187,"caption":"Number Krunchers"},"image":{"@id":"https:\/\/numberkrunchers.com.au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/NumberKrunchersAustralia","https:\/\/www.linkedin.com\/company\/number-krunchers-australia\/","https:\/\/www.instagram.com\/numberkrunchersaustralia\/","https:\/\/www.youtube.com\/@NumberKrunchersAustralia"]}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly_digests\/12490"}],"collection":[{"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly_digests"}],"about":[{"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/types\/weekly-digest"}],"replies":[{"embeddable":true,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/comments?post=12490"}],"version-history":[{"count":1,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly_digests\/12490\/revisions"}],"predecessor-version":[{"id":12491,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly_digests\/12490\/revisions\/12491"}],"wp:attachment":[{"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/media?parent=12490"}],"wp:term":[{"taxonomy":"weekly-digest-topic","embeddable":true,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly-digest-topic?post=12490"},{"taxonomy":"weekly-digest-type","embeddable":true,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly-digest-type?post=12490"},{"taxonomy":"weekly-digest-region","embeddable":true,"href":"https:\/\/numberkrunchers.com.au\/wp-json\/wp\/v2\/weekly-digest-region?post=12490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}