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Economics

Deloitte predicts RBA will cut interest rates in November as economy beats their forecasts

by Anas Siddiqui
Deloitte predicts RBA will cut interest rates in November as economy beats their forecasts

Deloitte has pushed back its hopes for an interest rate cut while warning the building bubble will get worse before it gets better. Borrowers will be waiting until November for …

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Minerals Council chief Tania Constable warns against ‘short-lived sugar hits’ from Labor’s Future Made

by Anas Siddiqui
Minerals Council chief Tania Constable warns against ‘short-lived sugar hits’ from Labor’s Future Made

The boss of the nation’s peak resources lobby group has joined the growing opposition against Federal Labor’s Future Made in Australia plan, saying the protectionist initiative will “lock taxpayers into …

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Unemployment rate inches higher to 3.8 per cent

by Vera Ward
Unemployment rate inches higher to 3.8 per cent

The jobless rate has inched 0.1 percentage points higher to 3.8 per cent, with 7000 jobs disappearing from the economy in March. The participation rate fell to 66.6 per cent …

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Senior US and Chinese officials hold talks on ‘industrial overcapacity’ and anti-money-laundering

by Walter Watson
Senior US and Chinese officials hold talks on ‘industrial overcapacity’ and anti-money-laundering

Yellen attended the working group meetings on Tuesday, which took place on the sidelines of the International Monetary Fund and World Bank spring meetings. She was joined by Liao Min, …

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New home starts fall to lowest level since 2012 as borrowers, industry crunched

by Anas Siddiqui
New home starts fall to lowest level since 2012 as borrowers, industry crunched

New home starts have plunged to the lowest level in more than a decade, as constrained conditions in the building industry and elevated interest rates crunch the construction of new …

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China to be ‘driving force’ for world economic recovery

by Anas Siddiqui
China to be ‘driving force’ for world economic recovery

China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country’s top legislator …

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China to be ‘driving force’ for world economic recovery

by Anas Siddiqui
China to be ‘driving force’ for world economic recovery

China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country’s top legislator …

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UK economy went into recession last year, data confirms

by Anas Siddiqui
UK economy went into recession last year, data confirms

Official figures confirmed Britain’s economy entered a shallow recession in 2023, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before …

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UK economy went into recession last year, data confirms

by Anas Siddiqui
UK economy went into recession last year, data confirms

Official figures confirmed Britain’s economy entered a shallow recession in 2023, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before …

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Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

by Anas Siddiqui
Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a …

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