Economy

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.

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.

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 ...

The year-on-year March quarter rise is expected, experts have said, with financial stress impacting specific groups rather than unrelated individuals.

Amid the fallout of the Shield and First Guardian collapse, the government is turning focus to the increasing financial burdens on the CSLR funding framework.

With CPI falling to 4.2 per cent in April, core inflation staying high, and headline inflation remaining elevated, BDO’s chief economist has emphasised the importance for businesses to “plan across multiple scenarios”.

With the surging fuel prices and supply chain disruptions, it is clear that the vast majority of Australian businesses are having to reshape their operating models to cater for the inevitable increase in costs and drop in ...

Further to last month’s annual inflation increase to 4.6 per cent, fuelled by a price rise of 1.1 per cent, the ABS has today (May 27) released its highly-anticipated data from April 2026.

The April jobs data indicated an "imminent slowing in economic momentum", which is likely to give the Reserve Bank cause to pause, according to economists at Westpac and AMP.

Tax reform measures for Australian businesses, unveiled by Treasurer Jim Chalmers, amount to “the worst possible plan for a country in need of more jobs, and more economic growth”, according to one professor.