Two years into the pandemic, the economy is in good shape, and set to strengthen in the months ahead.
As this chart from the Reserve Bank shows, job vacancies and job ads are trending upwards. The RBA expects unemployment to fall from 4.2% now to 3.75% by the end of the year.
If history is any guide, falling unemployment is likely to lead to rising consumer confidence, which is likely to lead to more spending.
So after a couple of tough years, 2022 could be the year businesses really cash in. If you want to take advantage, now might be a good time to invest in new equipment, machinery or vehicles that will help you make more sales.
Speak to Credit Hub if you need help financing your next investment. We can help you get a business loan to launch your business venture. If you’re a small business, there are a couple of things you should consider before applying for a loan. Feel free to contact us and our financial experts can talk you through your options.
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