Economy

Container ship at sea. | Newsreel

Growth forecasts trimmed as US and China go backwards

The OECD has lowered its global growth forecasts in light of the current state of geo-politics. The economic organistaion’s latest Economic Outlook projects global
Read more 4 June 2025
Piggy bank with Australian dollars. | Newsreel

End of the road for Super Guarantee increases

A 14-year journey ends of July 1, when the final increase in superannuation for Australians kicks in. Super Members Council CEO Misha Schubert said on that day the Super
Read more 4 June 2025
Rolls of steel on back of truck

US steel tariffs will hurt Australia more indirectly

By Scott French Just one day after the US Court of Appeals temporarily reinstated the Trump Administration’s Liberation Day tariffs of between 10 percent and 50
Read more 3 June 2025
Gold bullion. | Newsreel

Deficit nears $15b despite surging US demand for gold

Australia’s current account deficit is nudging $15 billion, as the nation’s current account balance rose in the March quarter. The latest Australian Bureau of
Read more 3 June 2025
Land in drought. | Newsreel

Billion-dollar hit to agricultural production in 2025-26

The drought in southern Australia is expected to lead to a drop in Australia’s agricultural production of more than $2 billion in the next financial year. The latest
Read more 3 June 2025
Cargo ship and truck. \ Newsreel

Push to localise supply chains a risk to global GDP

Global moves to on-shore manufacturing and production could undermine, rather than strengthen, supply chain resilience, according to the OECD. In its latest Supply Chain
Read more 3 June 2025
Group dining out at restaurant. | Newsreel

Queensland comeback not enough for retail figures

A Queensland bounce-back was not enough to stop national retail figures slipping into the red in April. The latest Australian Bureau of Statistics (ABS) data showed
Read more 2 June 2025
Value of a home loan rises in Queensland - Newsreel

Numbers behind interest rates cuts and house price rises

By James Graham With the Reserve Bank of Australia easing monetary policy, interest rates are on the way down. Already this year, mortgage pre-approvals had begun to
Read more 2 June 2025
Vegetables in supermarket. | Newsreel

Hidden cost of Aussie food production highest in world

The first stocktake of Australia’s $800 billion food system has revealed we have the highest per capita hidden costs of any food sector in the world. The CSIRO report
Read more 2 June 2025
Mining Queensland. | Newsreel

Miners lead 8.6 percent drop in company profits

The profits of Australian mining companies fell by almost 30 percent last financial year, according to the latest Australian Bureau of Statistics (ABS) data. ABS Head of
Read more 30 May 2025