Australian Economy

CBA’s economics team has assessed the potential impacts of a second Trump presidency and new tariffs on Chinese goods.

Australians are locked in the most prolonged recession on record following six consecutive quarterly declines in real GDP per capita.

This is priceless.

We have repeatedly warned that Victoria’s state debt trajectory is concerning.

I noted last week how Australia’s Albanese government seems to have copied Canada’s Trudeau government on housing and immigration.

The Reserve Bank of Australia (RBA) noted in the minutes of its board meeting for November that there are signs that the job market is beginning to tighten.

CBA Senior Economist Stephen Wu has released the bank’s forecasts for the upcoming monthly CPI indicator. CBA expects the monthly indicator to record annual headline inflation of 2.1% in October, near the bottom of the Reserve Bank of Australia’s (RBA) target range of 2% to 3%.

Nothing better sums up the divergence of economic fortunes between young and older Australians than this week’s analysis of spending habits by age from the CBA.

Do you run a retail business?

A business term deposit is a type of savings product offered by financial institutions where a company deposits a lump sum of money for a set period to receive a guaranteed interest rate.

Westpac with the note.

This is Australia.

RBA assistant governor Christopher Kent spoke about how rising interest rates have hit Australian households particularly hard.

Blockchain technology, best known for powering cryptocurrencies like Bitcoin, has expanded far beyond its origins.

Goldman with the bad news.

The June quarter national accounts showed that Australia’s labour productivity (GDP per hour worked) fell to 2016 levels, driven by the non-market sector.

The general consensus of economists is that the Reserve Bank of Australia (RBA) will begin to reduce the official cash rate in the first quarter of 2025.

The Victorian government’s budget update shows that the state’s net debt is projected to exceed $188 billion by 2027–28.

For Australian businesses relying on vehicle fleets, maintaining operational efficiency is crucial.

Wednesday’s wage price index data from the Australian Bureau of Statistics (ABS) was weaker than expected, growing by 0.8% in Q3 and 3.5% year-on-year.

The latest new car sales data from the Federal Chamber of Automotive Industries (FCAI) showed that sales nationally are trending lower, down 7.9% year-on-year in October.

It is best to stop digging when you are in a financial hole.