Tax reform and attracting investment to Australia will be top of the agenda for Ben Wyatt when he heads to next month’s national economic summit in Canberra.
Matt Mckenzie
Michele Bullock’s Reserve Bank has become the national fix-it squad called on to solve every economic problem — but all eyes should really be on Canberra.
Hopes for a third interest rate cut have been boosted after Australia’s jobs boom stalled but economists have warned not to pop the champagne corks for an August move just yet.
The number of businesses reporting labour availability as a major headache to their operations fell again in the June quarter, but it is still higher than before the COVID-19 pandemic.
Cheyanne Enciso
WA is spearheading a national bounce back from a ‘baby recession’ as young families become more confident the cost of living crisis is in the rear vision mirror.
Matt Mckenzie & Caitlin Vinci
The nation’s biggest bank says Australia must break its addiction to taxing income and rein in “unsustainable” government spending growth.
Surging rental prices in Perth now account for more than 60 per cent of a single person’s weekly disposable earnings in what has been described as another hit to already stretched household budgets.
Australia needs another economic golden age to succeed in a world ditching free trade and pursuing the energy transition, RBA deputy boss Andrew Hauser has said.
The Reserve Bank has given the middle finger to analysts and financial traders by holding interest rates steady on Tuesday. Rightly so.
Australian businesses are showing signs of a revival after a rocky start to 2025, with new bank data suggesting conditions are ‘stabilising, if not starting to turn around.’
Michele Bullock says the Reserve Bank wants to make sure inflation has been “nailed” after defying markets to hold interest rates steady today.
Australia’s house prices are rising thanks to interest rate cuts, but experts warn the market won’t repeat the 25 per cent boom seen in 2021 as worsening affordability limits growth.
Cameron Micallef
The Reserve Bank is hotly tipped to cut interest rates for a third time on Tuesday but one economist has declared the near-certainty in markets over the looming decision “bewildering”.
Roger Cook might be walking into a nightmare thanks to his government’s obsession with making stuff in WA. Plus: Will Warren Pearce make the big move?
Prime Minister Anthony Albanese says America’s ‘Liberation Day’ tariffs will have little impact on Australia and has taken aim at US President Donald Trump’s favourite word.
Katina Curtis
Australians are $6 trillion richer than before the pandemic — on paper — as new numbers show how inflation and the housing affordability crunch have shaped the nation’s distribution of wealth.
Almost one-in-five WA business leaders are heading to sleep at night worrying about Donald Trump’s trade war and conflict in the Middle East, with their outlook on the economy getting gloomier.
Australian gold exports are expected to hit $56 billion next financial year after political uncertainty sent the commodity’s price rocketing.
Westpac has become the third big four bank tipping an interest rate cut in July but chief economist Luci Ellis warned the decision would be line ball.
Hopes for another interest rate cut have been boosted by slowing inflation but economists have declared the RBA will have a “close” decision at its meeting next month.
Jim Chalmers has moved to get ahead of looming fuel price pain by ordering the corporate watchdog to keep an eye on petrol bowsers, as Middle East tensions send oil markets on a rollercoaster.
Think the GST deal is bad? Shock new figures show WA gets ripped off across the board.
A $15 billion plan to upgrade economic infrastructure and ‘make more things’ in WA will need to grapple with a severe worker shortage and the threat of rising costs.
Matt Mckenzie & Simone Grogan
Rita Saffioti has declared the test of her economic success will be jobs, as she unveiled a budget to ready Western Australia’s economy for trade war chaos and Middle East conflict.
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