Australia will have close to the highest inflation among developed nations next year even as the global economy teeters on the brink through a trade storm and surging public debt, the IMF predicts.
Matt Mckenzie
The number of Australian consumers feeling ‘very highly’ stressed has crept up amid growing concern over the ability to fund retirement, which has risen to a seven-year high.
Cheyanne Enciso
Australia’s jobs market posted another solid month in March but the Reserve Bank will be focused on the road ahead amid a growing trade war.
NAB experts have declared recessions are ‘highly likely’ in some major economies, with the bank dialling down growth forecasts as Donald Trump’s tariff chaos rampages through markets.
Donald Trump’s trade war continues to sour Australian consumer confidence as the US President presses ahead with plans to impose tariffs on semiconductor and pharmaceutical imports.
A big fall in Australia’s exchange rate or major supply chain disruptions would restart inflation, the Reserve Bank has warned as it readies for the global trade storm.
About 30,000 Australian businesses are in default of their tax debts and the looming storm of Donald Trump’s trade war will likely push more over the edge.
This economist has ditched his long-running caution about interest rate cuts amid Donald Trump’s chaotic trade war.
Australian household spending lifted in March as consumers loosened their purse strings at the Melbourne Grand Prix and football matches.
Michele Bullock says her Reserve Bank will be patient watching the fallout from the global trade storm on a day markets rebounded following a backflip by Donald Trump
A big investment bank reckons a super-sized interest rate cut is coming next month as panicked markets up their bets on rate relief despite concerns about inflation.
Australia’s consumer sentiment has plunged to a six-month low after US President Donald Trump’s sweeping tariffs triggered carnage on global stock markets.
Panicked investors have bet on four to five more rate cuts through to the end of December as analysts predict President Donald Trump’s massive tax hikes will batter the US economy.
Governor Michele Bullock wants to dampen concern that the Reserve Bank’s February rate cut has sparked a resurgence of rising prices in Australia’s housing market.
A cautious Reserve Bank has kept interest rates on hold, but declared it is ready to act as an escalating trade war sparks uncertainty about the future of the global economy.
Retail sales held steady in February, according to fresh figures, with food-related spending driving the small lift.
Share markets took a battering on Monday ahead of major economic news this week when the US reveals further tariffs and the Reserve Bank inks its next decision on interest rates.
Australian iron ore production is set to plateau within three years, while trade battles and an ageing China loom as hurdles for the State’s top industry.
President Donald Trump said he “couldn’t care less” if automakers raise car prices in response to his planned tariffs on imported vehicles.
Bloomberg
The ritual of buying a parmi and a pint before watching a live band at the pub is on the out as cost of living pressure continue to rise.
Sofia Fimognari
Economists have talked down the chances of back-to-back interest rate cuts when the RBA meets next week, despite inflation cooling slightly.
Jim Chalmers’s pre-election budget has failed to deliver big economic reform at a time when the country’s prosperity is under threat, business lobbyists have warned.
Matt Mckenzie & Simone Grogan
Australia’s biggest export partner could be hit by an extra dose of tariffs from US President Donald Trump, even as signs of possible concessions helped calm markets on Tuesday.
Young West Australians are trading out of car ownership and shifting towards rentals as they look to beat lingering cost-of-living pressures, new spending data suggests.
