Economy

As ESG creeps into the top priority list of big corporations, CA ANZ has teamed up with the ASX and UNGCNA to bolster Australian business leadership on climate and sustainability reporting.

Quarterly inflation has fallen to its lowest rate since March 2021, bolstering calls for an August rate cut.

A policy think tank has argued that Australia’s poor productivity performance has been falsely singled out as the main culprit for falling living standards.

The Productivity Commission has called on Australians to adopt a “growth mindset” to boost productivity, which could see workers earning $14,000 more annually.

The central bank has shrugged off June’s rise in employment, saying the figures align with its forecasts.

Without a new economic growth engine, Australia’s economy could face a period of stagnation and flatlining living standards, Westpac has said.

The central bank's July meeting minutes revealed that a sense of caution and desire to wait for more economic data underpinned its shock decision to hold interest rates.

One employer group is pointing to the private sector market as a direct cause of an increase in the unemployment rate.

Cost-of-living pressures are deterring Australians from starting or expanding their families, according to a KPMG analysis.

On Wednesday (AEST), the US administration said it would impose “low” pharmaceutical tariffs by the end of the month as an appetiser to proposed 200 per cent tariffs.