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Australia must get real on net zero and the environment. 1 day ago. 10
2025 to rain Aussie interest rate cuts - MacroBusiness
Financial markets have fully priced in dual interest rate cuts at the Reserve Bank of Australia’s (RBA) board meetings in April and May after the central bank adopted a more dovish tone in ...
Australians face slow grind out of recession - MacroBusiness
Westpac has released its Red Book for October, which forecasts a long grind out of recession. Westpac notes the brutal decline in real per capita disposable income, which it estimates at “an eye ...
Australia's record-breaking recession to roll on - MacroBusiness
Oct 7, 2024 · Given that Australia’s population grew by 2.4% in the year to June 2024, these projections imply that the per capita recession will drag well into next year—an unparalleled decline.
Australians batten down for longer, deeper recession
Oct 23, 2024 · The IMF’s forecast is slightly more optimistic than similar to the OECD’s most recent economic outlook, which reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in ...
Recession wreaks havoc across Australia’s market sector
In Q2 2024, public demand reached a record high of 27.3% of GDP, up 1.5% from the previous quarter. Westpac also predicted that government spending will continue to increase as a share of the economy:
What's stopping the RBA from cutting rates? - MacroBusiness
1 day ago · The December labour force survey (scheduled for 16 January) and the Q4 CPI release (scheduled for 29 January) are the two major data points that will determine the RBA’s interest rate decision ...
Australia transforms into ‘tax and spend’ economy
Treasury’s Intergenerational Report also projected that personal income tax revenue will increase to 58.4% of total taxes in 2062-63 without changes to the tax mix.
Aussie CEOs complain about housing, demand more immigration
2 days ago · A KPMG survey of 320 C-suite executives and board directors about their major challenges over the short and medium term cited high house prices and skyrocketing rents as the top areas of concern ...
Australia should be swimming in money - MacroBusiness
Aug 16, 2024 · Brooker notes that “between Q3 2003 and Q2 2022… resources exports went from 5.9% of GDP to 14.9% (peaking at 20%)”.. Economist Chris Richardson estimated that since 2000, the terms of trade ...