FINSOC Weekly Wraps Vol.02

Apr 3, 2022 Weekly Wraps

2022—2023 Budget has been released on 29/03/22, with a net deficit of $AUD714.9 billion. 
The Budget forecasts economic growth of 3.5% and the unemployment rate to fall from 4% to 3.75%
Most sectors have improved within the ASX, ending 1.2% stronger with the 3rd week of consecutive increases.
Over the week, the largest cryptocurrency heists in history occurred on the Ronin blockchain network, with hackers stealing over $USD625million in Ethereum and USD Coin.
Singaporean technology company NCS has made its fourth local acquisition by taking over Melbourne-based management consulting group ARQ for $AUD290million.