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WEBAustralia transforms into public sector economy. 13 hours ago. 13. RBA pushes rate cuts into 2025. 22 hours ago. 19. Government budgets are drowning in debt. 1 day ago. 5.
Christmas rate cut as “Millennial Recession” bites
WEB20 hours ago · On the household side, we attribute softening activity to the emergence of a “Millennial Recession”, as younger households cut back discretionary spending alongside an estimated 7-10% decline ...
Australian’s recession set to break more records
WEB1 day ago · The OECD’s latest economic outlook report has downgraded Australia’s GDP growth forecast for 2024 to 1.1%, compared with 1.5% in its previous report in May. The OECD also forecasts that ...
Australia transforms into public sector economy - MacroBusiness
WEB3 days ago · The Q2 national accounts and the latest labour force data showed that the public sector is powering the Australian economy, masking the deep private sector recession. Source: Alex Joiner (IMF ...
Energy rebates are here to stay - MacroBusiness
WEB18 hours ago · Both Dr Chalmers and Finance Minister Katy Gallagher have hinted that they will provide further household support in the lead-up to the next federal election, due by May 2025. The full text of ...
Australia: a nation of housing millionaires and mortgage slaves
WEB1 day ago · Australians would be “richer” if home values had not increased so rapidly, the median dwelling price was $395,000 rather than $790,000, and household debt was 90% rather than 180% of income.
RBA pushes rate cuts into 2025 - MacroBusiness
WEB3 days ago · Subscribe. At today’s monetary policy meeting, the Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35%. It also flagged that rates would remain on hold for the ...
Australia cannot afford endless population growth
WEBAug 2, 2024 · The 2023 Intergenerational Report (IGR) projects that Australia’s population will balloon by 13.5 million people over the next 39 years to 40.5 million: If this projection came to fruition ...
More good news on inflation - MacroBusiness
WEBAug 14, 2024 · The wage price index rose by 0.8% in the June quarter, weaker than market consensus of 0.9%. Wage inflation has moderated in the first half of the year, with the six-month annualised pace easing ...
Victoria is an economic basket case - MacroBusiness
WEBVictoria has become an economic basket case. According to the Australian Bureau of Statistics (ABS), Victoria lost 7,606 businesses during the 2022–23 financial year.. The rising cost of doing ...