economy
Full extent of Trumpās tariff slap on economy revealed
21 May
Australiaās economy will take an $8 billion dollar hit in 2025 as a result of Donald Trumpās tariffs, the Reserve Bank estimates in updated economic forecasts. Inflation is also expected to come in lower than it otherwise would have, the RBAās...[Read More]
āSustainableā: push to keep low-paid from falling back
21 May
Treasurer Jim Chalmers wants to ensure Australiaās lowest paid workers donāt go backwards, but stresses a real wage rise must not harm the economy. In its formal submission to the Fair Work Commissionās annual review of minimum and award...[Read More]
Trumpās tariff ārollercoasterā raises recession risk
21 May
Australians are being assured the nation is well-placed to avoid a recession as the Reserve Bank expresses alarm over Donald Trumpās trade war ārollercoasterā. Forecasts released by the Reserve Bank of Australia have painted a bleak picture of...[Read More]
Renewables, AI rules top productivity reform wishlist
21 May
Regulating the reckless use of artificial intelligence, speeding up approvals for renewable energy projects, and changing privacy and corporate tax laws will be targeted in a push to boost the Australian economy. The Productivity Commission named 15...[Read More]
Money still on rate cut despite surprise spike in wages
14 May
Economists still expect the Reserve Bank to cut interest rates at its next board meeting despite a surprise spike in wage growth. Wages rose by a higher-than-expected 3.4 per cent over the year to March, Australian Bureau of Statistics figures...[Read More]
Jobs and wage data in focus ahead of interest rate call
14 May
Upcoming wages and unemployment data may have significant bearing on the Reserve Bankās closely watched interest rate decision. Domestic signals have taken somewhat of a back seat since US President Donald Trumpās tariff dump in early April. But...[Read More]
Consumers in crossfire despite US-China trade war truce
14 May
Consumer confidence is improving, but Australians have been urged to temper their expectations after the treasurer noted the limits of a US-China trade truce. Both nations have agreed to a 90-day tariff reduction, with the United States committing...[Read More]
Living costs rising despite cooling inflation
7 May
Australian households who depend on government payments have faced the highest increases in living costs this year, new data shows. Age pensioners and other recipients of government help faced 1.6 per cent higher living costs in the March quarter,...[Read More]
Full steam ahead for cash rate cut as inflation settles
30 April
Interest rate relief could come within weeks after a higher than expected inflation print still fell within the Reserve Bankās target range. Underlying inflation fell to 2.9 per cent in the year to March and headline inflation held steady at 2.4...[Read More]
Prices coming down as Coles keeps tabs on Trump tariffs
30 April
Prices on major products are beginning to fall at Coles as the supermarket giant keeps a close eye on any impacts of Donald Trumpās tariffs on products. Australiaās second largest supermarket chain on Wednesday unveiled a 3.7 per cent increase...[Read More]
Students and hire staff pay for Labor election pledges
30 April
Hiking international student visa fees and trimming consultant spending are Laborās plan to keep the budget in shape while splashing out on election sweeteners. An assurance by Treasurer Jim Chalmers that more than $7 billion in savings would...[Read More]
Rate cut on horizon amid fears of more stock turmoil
23 April
Investors tormented by weeks of tariff turmoil will hope for a quiet return from Easter as mortgage holders eye a rate cut on the horizon. Stocks in Australia and the US have clawed back ground in the past fortnight after US President Donald Trump...[Read More]
Jobs market strong but Trump tariff bomb yet to explode
23 April
Global headwinds stirred by āerraticā US policy decisions could still hit the Australian jobs market despite latest figures showing only a small uptick in unemployment. About 30,000 jobs were created in March after a shock 53,000 slump in...[Read More]
Economists send open letter opposing nuclear plan
23 April
An open letter from 60 Australian economists has rejected the coalitionās nuclear energy plan, promoting instead the subsidising of household clean energy policies, including incentives for home battery storage. The organiser of the letter, Gareth...[Read More]
Trump uncertainty set to smash Australian economy
23 April
Australiaās growth outlook has been slashed by a major international body as US President Donald Trumpās trade upheaval sends market volatility skywards. United Nations financial agency the International Monetary Fund said uncertainty had surged...[Read More]