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GDP growth soft in March quarter at 0.2 percent

Stalled Government spending and a drop in public investment contributed to an almost stagnant Australian economy in the first quarter of the year. Australian Bureau of

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

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

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

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

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

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

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

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

Inflation steady, but egg lovers cop a beating

Australia’s inflation remains steady and within the Reserve Bank of Australia’s target band of between two and three percent. The latest data from the Australian

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