Most of us know the saying:slow and steady wins the race. Here’s why a slowdown doesn’t worry the Reserve Bank – and why interest rates will probably stay put.
Michele Bullock’s alert comes amid signs the business sector is also struggling with high inflation and rates.
The latest national accounts show an economy on the edge of a recession. Don’t blame the Reserve Bank – it’s responding to the symptoms of a problem long in the making.
Small businesses buckling under the pressure of rising costs and a sluggish economy have been hit with $7 billion in unexpected costs in the past year,highlighting the financial pressure on the nation’s engine room.
The economy grew just 0.2 in the three months to June,propped up by government spending,and is in the worst run of per person GDP drops since the early 1980s.
Australia’s annual growth rate slumped to the lowest in 33 years. How will Labor explain that to the electorate?
The cost-of-living crunch now appears to be hitting NSW harder than other states. Here’s why.
Here’s what you need to know from the latest gauge of the economy – in five charts.
Australians are responding to high inflation and interest rates by downgrading their biscuits,beer and footwear.
Treasurer Jim Chalmers has pushed back at claims from John Howard that the government is trying to blame the Reserve Bank for its economic troubles.
Government spending on everything from major infrastructure to aged care workers has probably stopped the economy from contracting over the past three months.