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ECONOMY

By Carlos Tse

Economy at ‘multi-speed’ as business confidence recovers, economists say

Evidence 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.

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Energy costs, political tensions dampen growth prospects for mid-market businesses

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.

Report reveals $900k shortfall in government savings per taxpayer lifetime

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.

Operating expenses spike across key industries: ABS data

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.

CPI headline inflation falls to 4% in May

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.

Fiscal pressures on businesses remain following rate hold

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.

RBA announces cash rate target following mixed inflation data

ECONOMY • Miranda Brownlee

The Reserve Bank has revealed its monetary policy decision after mixed inflation data in April and softening data for jobs and consumer spending.

Mortgage holders to get rate relief: NAB

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.

Consumer spending dip leads to recession-like conditions: Jirsch Sutherland

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.

Annual GDP growth slows to 2.5%

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.

FWC Annual Wage Review sparks mixed reactions

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.