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Price pressures and ballooning mortgage payments have been slowing the Australian economy with a looming health check likely to show
Interest rate hikes and the still-high cost of living appear to be knocking around parts of the Australian economy but
Australia’s economy continued to slow over the final three months of 2022 as households tightened their belts, new official data has revealed. Australian Bureau of Statistics figures published Wednesday showed … Continued
The post Australian economy slows as families suffer appeared first on The New Daily.
The Australian economy has grown by less than expected, but remains relatively resilient despite the central bank’s aggressive round of interest rate hikes. The December quarter national accounts released on … Continued
The post Australia’s economy grows 0.5 per cent in December quarter appeared first on The New Daily.
Treasurer Jim Chalmers has revealed the “big issue” facing Australian households in 2023, amid widespread predictions of a further economic crunch in the months ahead. Hundreds of thousands of home … Continued
The post Chalmers reveals ‘big issue’ for Australian households in 2023 appeared first on The New Daily.
It’s hard to ignore the growing body of evidence that excessive market concentration can lead to economic problems. Dominant firms in a market may have less incentive to carry out … Continued
The post Excessive market power and markups lead to economic problems appeared first on The New Daily.
Growth is expected to remain robust as interest rate hikes are yet to slow momentum in the Australian economy. The Australian Bureau of Statistics will release gross domestic product figures on … Continued
The post Rate rises fail to put brakes on economy appeared first on The New Daily.
Treasurer Jim Chalmers warns the nation is not immune from the “deteriorating” global outlook while flagging a “national conversation” about potential tax hikes. Dr Chalmers remains optimistic about the near future … Continued
The post Australia not immune to global downturn: Treasurer appeared first on The New Daily.
Keep an ear out for the various experts who a little while ago were demanding/forecasting harder and faster interest rate hikes by the Reserve Bank. I suspect they might be … Continued
The post Michael Pascoe: Which way is up for our economy? Or is it down? appeared first on The New Daily.
If economists are right, Wednesday’s national accounts will provide Treasurer Jim Chalmers with plenty of ammunition for another crack at the former Coalition government. After six weeks of campaigning on … Continued
The post Looming economy numbers likely to punch more holes in Coalition’s election narrative appeared first on The New Daily.
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