By Carlos Tse
Economy at ‘multi-speed’ as business confidence recovers, economists sayEvidence of an easing “multi-speed” economy has emerged in recent research from a major bank, with experts saying that while some sectors will benefit, others are in for a struggle.
Tags: News, RBA, Economy, Business, 229, 218, confidence, conditions
ECONOMY • Miranda Brownlee
Business performance across mid-market businesses has remained resilient over the past 12 months, but firms expect lower revenue over the year ahead, according to a recent index by Moore Global.
ECONOMY • Carlos Tse
With younger workers found to be net taxpayers, new research reveals that Australians beyond retirement age are net beneficiaries, resulting in a shortfall in government savings.
Tags: News, government, ato, tax, report, government spending, taxpayer, 179, 177, 319, 475, retirement, taxation
ECONOMY • [email protected]
Data from the Australian Bureau of Statistics has indicated that operating costs have increased for 46 per cent of businesses over the past four weeks.
ECONOMY • Amelia McNamara
In light of the stable yet stubbornly high rate, experts are concerned that inflation is becoming increasingly entrenched, with small businesses in particular facing a demanding operating environment.
ECONOMY • Amelia McNamara
On the back of three rate hikes this year, the RBA’s most recent decision to hold the official cash rate at 4.35 per cent has sparked calls for sustained caution.
Tags: News, RBA, Business, inflation, cash rate, AI, small business, 344, 229, labour market
ECONOMY • Matthew Taylor
In welcome news for Australian mortgage holders, NAB has anticipated that the next interest rate decision will be left on hold in June and August before the central bank resumes cuts.
Tags: News, interest rates, RBA, Economy, NAB, mortgage broking, cash rate
ECONOMY • Carlos Tse
With GDP growth softening annually, one firm suggests that the economy faces ‘recession-like’ conditions as the cost-of-living forces consumers to pull back on discretionary spending.
Tags: News, gdp, discretionary spending, recession, spending, cost-of-living
ECONOMY • Carlos Tse
Australia’s GDP growth has softened by 0.1 per cent year on year, due to modest household and public sector expenditure, and cyclone disruptions to mining and export activities, the ABS has revealed.
Tags: News, Economy, gdp, gdp growth, growth
ECONOMY • Amelia McNamara
Impacted by inflation, equal pay goals, and the Middle East crisis, the wage increase has prompted mixed reactions, reflecting the difficulty of striking the right balance among employers, employees, and the economy at large.
Tags: News, inflation, small business, FWC, minimum wage, wage review