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OECD tips Australian GDP growth to overtake US

Growth in the global economy is forecast to remain stable in the coming years, with Australian numbers picking up steam, according to the OECD. The organisation’s

Government purse props up national GDP

Australia’s gross domestic product (GDP) ticked up by 0.3 percent in the September quarter, as public investment leapt by more than six percent. The latest Australian

More Australians have cost of living concerns

Almost 40 percent of Australians have struggled to pay their rent or mortgage in the 12 months. A survey by Master Builders Australia, conducted less than three weeks

$3.3 billion trade surplus lowest since 2018

Australia’s trade surplus fell to its lowest level in more than six years, as the country’s current account balance registered a deficit of $14.1 billion in the

Australia’s superannuation nest egg tops $4 trillion

Australians now have more than $4 trillion squirreled away in superannuation funds. The Australian Prudential Regulation Authority (APRA) Quarterly Superannuation

Cheap electricity keeps annual inflation rate stable

Annual inflation remained steady at 2.1 percent in October, supported by a continued fall in electricity prices. Australian Bureau of Statistics (ABS) head of prices

Tax incentives for hydrogen and critical minerals production

Legislation to provide tax incentives to the hydrogen and critical minerals industries will be introduced into Federal Parliament today. Federal Resources Minister

Future focus on housing, energy and infrastructure

The Federal Government has shifted the investment focus of the nation’s multi-billion-dollar sovereign wealth fund. Treasurer Jim Chalmers said a new Investment

Claims GDP is an outdated measure of policy impact

Scientists are urging governments to ditch GDP as an indicator of policy success and adopt a more wholistic measure of the health of an economy. A research paper out of

Nation’s monthly wages bill tops $100b

Australia’s monthly wages bill has topped $100 billion for the first time. New figures released by the Australian Bureau of Statistics (ABS) show total wages and

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