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Economy

Economists have warned the RBA that a rate hike or prolonged delay in cutting rates would be a “policy mistake”.

The big four firm's 2024 revenue saw a slight decrease due to challenges in the current economic environment.

Australia is experiencing a baby recession due to cost-of-living pressures, according to a KPMG analysis.

A significant portion of Australian Commonwealth business grants between 2018 and 2022 failed to generate significant business or economic benefits, IPA research has revealed.

As an accounting professional, buying property now could be a savvy move to get ahead of a surge in buyer competition and capitalise on potential price hikes.

Corporate leaders in mergers and acquisitions are optimistic about the outlook for dealmaking in 2025 despite current economic challenges and pressures.

July saw a marginal increase in business sentiment from the previous month, according to Mackay Goodwin’s monthly Business Strength and Solvency Index.

Order values have dropped to historic lows, CreditorWatch says, with conditions expected to deteriorate “even further” without relief from the RBA.

The Australian economy barely grew over the past six months with productivity flatlining and the household saving ratio falling.

Slowing activity has seen business conditions fall further in June despite a sharp rise in business confidence, the latest NAB data reveals.

The passage of reforms to the payment times reporting framework is a welcome development for small business suffering from late and failed payments, says a payment services provider.

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