Treasurer Jim Chalmers has hit back against John Howard and Peter Costello after the pair warned the country’s debt binge would put Australia’s credit rating at risk.
Matt Mckenzie
Sorry boomers! Gen X is set to overtake the demographic as Australia’s wealthiest generation.
Predictions of big interest rate cuts in 2024 proved far too optimistic. Will 2025 bring relief for Aussie borrowers or will it be a case of déjà vu?
The yen has been approaching a five month low, under pressure from a strong dollar, and speculation about a Bank of Japan rate hike.
Ankur Banerjee
A $30 billion industrial revolution is looming around Kwinana amid a wave of big projects that promise renewal. See our list of the investments in the pipeline.
Australia’s weak economy is increasingly troubling the Reserve Bank but it will need more confidence inflation is under control before moving to cut interest rates.
The State Government has upped its forecast for the iron ore price despite an uncertain outlook for the steelmaking commodity.
A top Perth car retailer has warned that strikes at Fremantle Port could become ‘another disruption’ for deliveries of new vehicles in WA.
Australia’s most generous State has been revealed, and its taxpayers are chipping in about 30 per cent more than the rest of the nation.
An extraordinary fall in WA’s unemployment rate to just 3.3 per cent has played a big role in Australia’s “blockbuster” November jobs data.
A ‘blockbuster’ jobs report showing the unemployment rate falling to 3.9 per cent will give the Reserve Bank reason to stay patient just days after sparking hopes interest rates would be cut early next year.
RBA deputy governor Andrew Hauser has revealed Australia’s reliance on iron ore exports makes it far more vulnerable to a trade shock.
Jackson Hewett
The RBA has given a strong signal that an interest rate cut will be on the agenda next year despite offering no pre-Christmas relief for borrowers on Tuesday.
A pre-Christmas interest rate cut looks unlikely after a poll of more than 30 economists unanimously tipped the Reserve Bank would stay put on Tuesday.
The weak pulse will pile on the pressure in Canberra as a Federal election looms, with the economy top of mind for voters.
Western Australia’s growth is in the middle of the pack despite a whopping rise in government spending that was greater than anywhere else in the country.
JACKSON HEWETT: Today’s big GDP miss sends Australia further down the ranks of countries struggling to get off the canvas.
Australia’s economy grew just 0.8 per cent in the year to September — stuck in low gear as Jim Chalmers and Michele Bullock fought over which pedal to push.
Sliding exports of coal and iron ore have pushed Australia’s trade surplus to the lowest level since 2018.
Company profits have sunk nearly 9 per cent, throwing fresh doubt on claims that corporate greed is behind Australia’s inflation surge.
Stacking the Reserve Bank’s new interest rate board with economists who will be soft on inflation would harm the institution’s credibility, AMP’s Shane Oliver has declared.
Australia is set for another year of slow economic growth as falling commodity prices and a looming Trump trade war weigh on the outlook.
ANZ has punted back its prediction for when the RBA will cut interest rates, thanks to the strong jobs market and rising consumer confidence.
Reserve Bank boss Michele Bullock has warned Australia’s booming jobs market still has too much steam to give borrowers relief, casting more doubt on the chances of a pre-election rate cut.
