economy
Report to shine light on future economic shifts
16 August
Australia’s long-term economic outlook is set to be revealed next week with the release of the latest Intergenerational Report. Treasurer Jim Chalmers will release the report at an address to the National Press Club next Thursday which will...[Read More]
Lid on exports leaves nation with huge wine hangover
16 August
Australia’s glut of wine will continue for some years with more than 2.8 billion bottles in storage, a report has found. Even in a best-case scenario, with the removal of Chinese tariffs and a recovery in sales to the region, it would take at...[Read More]
Soft landing tipped for economy as RBA trims inflation
3 August
A soft landing for the economy remains on the cards as the Reserve Bank maintains it’s possible to drive down inflation without sacrificing growth. Australia’s central bank opted on Tuesday afternoon to keep interest rates on hold in a move that...[Read More]
Few plan to spend tax returns as economy stalls
12 July
Just one in 20 Australians plan to splurge on big-ticket items when their tax returns come through, with most opting to squirrel them away or pay down debt. Amid acute cost of living pressures and a string of interest rate rises, surveying by...[Read More]
Albanese lays down EU trade deal bottom line
12 July
Australia will only sign a trade deal with the European Union when the agreement includes better market access for agricultural products. Prime Minister Anthony Albanese laid down his bottom line for the ambitious multi-nation trade agreement...[Read More]
Australia not expected to enter recession.
5 July
Acting Treasurer Katy Gallagher has called on the states and territories to better “phase” their massive infrastructure projects, but stopped short of labelling them inflationary. Senator Gallagher said the federal government was working with...[Read More]
Australia to ease visa rules to boost Indonesian ties
5 July
Australia will make business travel for Indonesians easier under a deal to be struck between Anthony Albanese and President Joko Widodo. Mr Widodo was formally welcomed in Sydney on Tuesday on what will likely be his final official visit to...[Read More]
Inflation surprise as rate of price growth slows in May
28 June
A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in...[Read More]