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Deloitte | Global news | Economy

An overview of Deloitte global news:

United Kingdom

Deloitte to cut bonuses and promotions as British wing misses targets Deloitte’s muted global revenue growth means the Big Four firm has once again resolved to shore up profits by cutting back on labour costs.
03 June 2025
Australia

Generative AI to disrupt $600 billion in economic activity Generative AI, which allows users to easily create text, images, videos, and other media with minimal input, is set to disrupt a $600 billion cross-section of the Australian economy.
18 September 2023
Canada

Canada to experience mild recession this year, Deloitte says Canada’s real gross domestic product (GDP) is projected to fall by 0.5% in 2023 and then rebound with 2% growth in 2023, according to an economic outlook report from Deloitte Canada.
28 March 2023
Canada

Battered by cost of living crisis, consumers cutting back on holiday spending Worn down by broad-based inflation and worsening finances, Canadian consumers are expected to spend 17% less this holiday season than in 2021, according to Deloitte Canada’s annual holiday retail out
09 November 2022
Australia

Financial abuse costs victims and Australian economy $11 billion In a wide-ranging study commissioned by the Commonwealth Bank, researchers from Deloitte Access Economics have concluded a near $11 billion annual cost to victims of ‘financial abuse’ and the Austral
20 March 2022
United States

Consumer safety perceptions hit by Omicron, but financial sentiment steady The Covid-19 Omicron wave has reduced the safety perceptions of US consumers, according to a monthly report Consumer Tracker report from Deloitte.
10 February 2022
Canada

Deloitte: Average holiday shopper expected to boost spending by 31% Canadians expect to spend an average of $1,841 this holiday season - up 31% from 2020’s $1,405 and up 8% from 2019’s $1,706 - according to Deloitte’s annual Holiday Retail Outlook survey.
28 October 2021
Australia

Australia's economy poised to start bouncing back in 2021 As the Covid-19 tide gradually turns a corner towards recovery, Deloitte Access Economics has taken stock of Australia’s economy – forecasting a much brighter 2021 than originally feared.
19 January 2021
Australia

Drones can boost Australia's GDP by $15 billion over 20 years The drone economy is vibrant in itself, while also bringing myriad potential savings to other key sectors in Australia.
22 November 2020
Australia

Climate change a $3.4 trillion opportunity for Australia Inaction on climate change could cost the Australian economy $3.4 trillion in the lead up to 2070, while the right steps could add nearly $700 billion.
16 November 2020
Middle East

Most Middle East CFOs still in cost cutting and mitigation mode CFOs across the Middle East don’t expect things to normalise any time before the latter half of next year, according to a new Deloitte survey.
04 November 2020
Europe

While CFO sentiment rebounds, a clear divide is emerging While sentiment among Chief Financial Officers has improved over the past months and an increase in revenue is expected, investment intentions remain subdued and cost reduction is still high on the a
04 November 2020
Europe

Global warming boosts the economies of some 70 countries Deloitte has released a study that details how warming of temperatures across the world could generate an economic boost to some 70 countries in the coming decades.
28 September 2020
United Kingdom

Government Moonshot programme will cost UK over £100 billion The UK Government has drawn up plans to carry out up to 10 million covid-19 tests a day by early next year as part of a huge expansion of its national testing programme.
21 September 2020
Australia

Second Covid-19 wave can cost over $100 billion, warns Deloitte Experts at Deloitte Access Economics suggest that a second wave of infections in Australia could land a devastating blow of $100 billion to the economy, as fear of infection will subdue consumers and
07 July 2020
Australia

Eight recommendations for economic recovery in Australia The Covid-19 crisis might pan out in a number of ways for Australia’s economy, but a few objectives can remain constant irrespective of the final outcome.
14 June 2020
Australia

Employment in hard hit sectors will need years to recover A new report reveals that Covid-19’s impact on the job market is going to be severe.
27 May 2020
Australia

People and businesses to lose $60 billion in just months As the Covid-19-induced downturn continues to grapple the world, more and more is becoming clear on its devastating impact on the economy.
03 May 2020
United States

Record job losses, other metrics, show quick economic impact of Covid-19 High-frequency economic data is showing that Covid-19 is already greatly impacting the US economy in the early, patchwork stages of lockdowns and social distancing, according to a weekly update from
03 April 2020
Canada

Covid-19 and cheap oil will batter Canadian economy in 2020 The Canadian economy will be battered by Covid-19 and oil price declines in 2020, according to Deloitte’s March 2020 quarterly economic outlook.
25 March 2020
South Africa

Deloitte sponsors discussion on South Africa's economy Deloitte, in partnership with Standard Bank and the Mail & Guardian, has sponsored a panel discussion to examine the state of the South African economy ahead of the most recent budget statement from
05 March 2020
South Africa

Deloitte's expectations from the upcoming budget statement Ahead of the budget statement 2020 to be delivered by Finance Minister Tito Mboweni next week, Deloitte has highlighted the need for the government to announce business-friendly policies in order to
25 February 2020
Singapore

Deloitte responds to 'extraordinary' Singapore Budget 2020 The Singapore Budget 2020 has arrived, and following Deloitte’s wish-list in the lead up – including a call for tax credits to encourage skills development – many of the firm’s senior leadership in S
19 February 2020
Singapore

Big Four release their wish-lists for Singapore Budget 2020: Deloitte This year’s Singapore budget is just around the corner, and the Big Four have released their wish-lists in advance. Deloitte calls for tax credits to encourage skills development.
14 February 2020
Australia

Concern over AI outweighs confidence in its value for Australian businesses While businesses in Australia perceive investment in artificial intelligence (AI) to be remarkably urgent, a number of them appear not to be ready for the advent of AI technology, according to a new
27 May 2019
Australia

Lights out Down Under: an analysis of Sydney’s nighttime economy A report by Deloitte Access Economics, titled ‘Imagine Sydney: Play’ has analysed the potential of Sydney’s nighttime economy (NTE) and come up with striking numbers.
20 May 2019
Ghana

Deloitte to help organise Ghana CEO Summit on the future of the economy Big Four professional services firm Deloitte is among the list of organisers for this year’s Ghana CEO Summit that is to be held in Accra next week.
17 May 2019
Asia

Deloitte Asia economic report downplays dangers of US-China trade war Deloitte has entered the US-China trade tension discussion with a round-up of Asia Pacific economic growth forecasts, stating it that would be a mistake to overstate the dangers.
15 April 2019
Singapore

Big Four give tick to enterprise initiatives in Singapore 2019 budget
20 February 2019
United Kingdom

These top consulting firms are shaping WEF's Davos agenda Every year, the second half of January sees the global economic and political elite descend en masse on a Swiss ski-resort.
23 January 2019
United Kingdom

Stagnant wages and Brexit see consumer confidence dip before 2019 Consumer confidence in the UK continues to face headwinds, as real wage growth declines and Brexit uncertainties set in.
06 December 2018
United Kingdom

UK business confidence hit by cluster of Brexit uncertainties Chief Financial Officers (CFOs) at UK companies remain weary ahead of the finalisation of Brexit in 2019.
04 December 2018

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