Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Fall in Australia’s unemployment rate sends dollar higher and stocks down, dimming hopes of interest rate cut A surprisingly robust labour market in November, including more than 50,000 additional full-time jobs, has set back hopes of an early move by the Reserve Bank to cut interest rates. Stocks sank… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s economy growing at slowest pace in decades, propped up by government spending Household spending did not pick up in the September quarter in the way economists were hoping. Australia’s economy recorded its weakest annual growth rate in decades in the September quarter, outside of the pandemic. Private demand… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Small-business complaints to AFCA on the rise The number of complaints raised by small businesses to the Australian Financial Complaints Authority (AFCA) reached a record high in 2023-24, the agency reported. Small businesses took 4,466 complaints to AFCA in 2023-24, a rise of 17 per cent on the previous… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. What the RBA is really looking at when it sets interest rates Eight times a year, the Reserve Bank meets to decide whether to raise, hold or cut interest rates. The decision impacts the 3.2 million Australians who have a mortgage on their own home and has flow-on effects across the entire… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Is this employment data a sign we are nearing the end of the great resignation? New data on the Australian workforce could suggest the great resignation may be winding down, at least here in Australia, anyway. Findings from Mercer’s Total Remuneration Survey published as part of its Australian Salary… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia ‘not immune from trade tensions’, Chalmers says Australia’s economy will not be immune from escalating trade tensions, Jim Chalmers has warned, as the Albanese government prepares itself for an incoming Donald Trump administration. In a speech on Monday, the treasurer will outline the risks of an “uncertain world characterised… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia inflation slows but sticky core to push RBA cut to 2025 Australian consumer price inflation slowed to a 3.5 year low in the third quarter, though the core measure was still sticky and reinforced market wagers that the central bank won’t start cutting rates until next year. Overall,… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How Australia’s housing market compares to the rest of the world Australia lags behind much of the world when it comes to home ownership, and households are taking on far more debt to buy a house than in other similar nations. Less than two-thirds of Australians (63 per cent) own their… Read more