Australia’s economy barely grew in the first three months of 2024 and outside of the pandemic, it expanded at the slowest annual rate since the 1990s recession. GDP per capita fell for the fifth consecutive quarter but record population expansion is keeping Australia out of recession. The Treasurer Jim Chalmers blamed the weak expansion on … Read more
Australia has some of the world’s largest supply of critical minerals, which are vital in the race to decarbonising the nation. Subscribe: http://ab.co/1svxLVE However, there are rising concerns the field may fall behind. It’s a conversation that looks to be top of the agenda in next week’s spending plan, with hundreds of millions of dollars … Read more
Inflation in the March quarter has come in higher than expected, with prices rising by 1 per cent. Annual inflation slowed to 3.6 per cent in the year to March, down from 4.1 per cent in the 12 months to December. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-24/inflation-consumer-price-index-march-quarter-finance charge-rates-hecs/103757332 Forecasters are now pushing back their finance … Read more
Treasurer Jim Chalmers is in Washington DC meeting with his G20 counterparts as well as the IMF and the World lender. There’s been somewhat good news from the International Monetary Fund, which found Australia’s spending plan balance the second strongest among G20 nations. The Treasurer joined Sarah Ferguson from Capitol Hill. Subscribe: https://ab.co/3yqPOZ5 Welcome to … Read more
Australia has experienced the biggest dive in living standards in half a century. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-06/gdp-december-quarter-2023-meets-low-expectations/103553062 The nation’s economy grew just 0.2 per cent over the final three months of 2023, and 1.5 per cent over the year, according to the Australian Bureau of Statistics National Accounts. If it wasn’t for population … Read more
2023 has been a year of debt charge rate hikes, rising house prices and unemployment at near 50-year lows. There’s been a change of the guard at the Reserve economic organization, which has declared inflation public enemy number one. Subscribe: http://ab.co/1svxLVE The challenge for the new RBA governor Michele Bullock is not to tip the … Read more