{"id":9704,"date":"2023-12-05T09:18:11","date_gmt":"2023-12-04T22:18:11","guid":{"rendered":"https:\/\/sumzplus.com.au\/?post_type=weekly-digest&p=9704"},"modified":"2023-12-05T14:50:55","modified_gmt":"2023-12-05T03:50:55","slug":"weekly-digest-06-december-2023","status":"publish","type":"weekly-digest","link":"https:\/\/sumzplus.com.au\/weekly-digest\/weekly-digest-06-december-2023\/","title":{"rendered":"Weekly Digest \u2013 06 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
The treasurer, Jim Chalmers, has welcomed a projection by the\u00a0OECD\u00a0<\/a>that the Reserve Bank has probably reached its interest rate peak but played down the prospect of the government posting a second successive budget surplus.<\/p>\n The Australian government has launched a $392 million Industry Growth Program<\/a> to\u00a0help start-ups and small businesses commercialise and grow their companies.<\/p>\n Improving Australia\u2019s capacity to be resilient and to grow the economy requires more innovative small businesses scaling up to medium-sized businesses, according to a new report<\/a> released by Industry Innovation and Science Australia (IISA).<\/p>\n November is often dubbed the new December of retail sales with Black Friday as the jewel in the online crown, but the market has become more saturated in the past year with an increased cost of consumer acquisition.<\/a><\/p>\n The rate of both\u00a0business\u00a0and\u00a0government R&D has declined over the last decade, despite it being a time when technological change is accelerating. This decline is also an Australian problem, as rates have been stable or increasing in our advanced economy peers. So, what\u2019s going wrong? This Research Note examines the dynamics of Australia\u2019s business R&D performance<\/a> and focuses on business R&D which accounts for just over half of the national total.<\/p>\n This month marks the 40th birthday of the floating Aussie dollar<\/a>, which has helped us steer through some huge crises. But what is it? And how does it help?<\/p>\n On November 30, we celebrated the first anniversary of ChatGPT, marking a year filled with remarkable progress<\/a> since its initial introduction in the research preview phase.<\/p>\n$392 million Industry Growth Program open for business<\/h2>\n
New insights on barriers to innovation highlight Australia\u2019s missing band of medium-sized businesses<\/h2>\n
Black Friday no “be all and end all” for sales as marketing costs bite<\/h2>\n
Understanding Australia\u2019s declining R&D performance<\/h2>\n
The 40-year-old change that has made the Reserve Bank\u2019s job easier<\/h2>\n
ChatGPT celebrates one year: A year of breakthroughs in conversational AI<\/h2>\n
The Australian goose that lays the (multi-billion dollar) iron ore eggs<\/h2>\n