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Latest news: Macro Economics

Hey big Spender: teal MP wants consumption tax re-think

Hey big Spender: teal MP wants consumption tax re-think

The tax system should be made fairer for young people by lowering income tax, reducing concessions and raising consumption taxes, teal MP Allegra Spender says.

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Stage three tax cut spending spree yet to surface

Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.

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Bigger budget surplus not 'an end in itself'

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

Food charity cupboards bare amid cost-of-living crisis

Food charity cupboards bare amid cost-of-living crisis

Inflationary pressures are pushing more Australians into food relief queues, with businesses unable to pick up the slack as donations dive.

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As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.

No budget 'cash splash' as inflation still main game

No budget 'cash splash' as inflation still main game

No budget 'cash splash' as inflation still main game

No budget 'cash splash' as inflation still main game

Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.

Coles faces competitive pressure from online retailers

Coles faces competitive pressure from online retailers

Coles faces competitive pressure from online retailers

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.

Economy unlikely to have contracted but growth muted

Economy unlikely to have contracted but growth muted

Economy unlikely to have contracted but growth muted

Economy unlikely to have contracted but growth muted

The Australian economy looks to have narrowly missed a quarter in decline based on economic indicators released ahead of official growth figures.

Home price upswing not 'typical recipe' for rate cuts

Home price upswing not 'typical recipe' for rate cuts

Home price upswing not 'typical recipe' for rate cuts

Home price upswing not 'typical recipe' for rate cuts

Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary.

Advocates call for end to compulsory income management

Advocates call for end to compulsory income management

Advocates call for end to compulsory income management

Advocates call for end to compulsory income management

A senate inquiry into poverty has heard from a range of First Nations representatives about how Indigenous people are frequently excluded by the system.

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Business pressures ease in promising sign for inflation

The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.

Australians yet to shake pandemic blues as costs bite

A wide-ranging wellbeing report shows Australians are yet to completely shake their COVID-19 pandemic blues as their wages go backwards and bills mount.

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