Australia’s risk of an economic downturn jumped to the highest level since the pandemic, a Bloomberg survey showed, with the Reserve Bank now expected to raise interest rates again to try to gain ...
Economists say that the Victorian government will have to make tough decisions at some point about spending and revenue.
Australian stocks appear fair valued at best on various quantitative valuation metrics. The banking sector has seen performance holding up okay since the beginning of 2022, which surprises me. This is ...
Reserve Bank of Australia chief Philip Lowe’s expectation of further interest-rate rises ahead has prompted economists and money markets to narrow the odds of a recession in the $1.5 trillion economy.
SYDNEY (Reuters) -Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers ...
The New Zealand economy is shrinking. Their economic growth has gone backwards sharply, tempting the Reserve Bank of New Zealand into an emergency-style megacut. And unemployment is still soaring.
“Whether it’s a technical recession or not, we certainly are going to be in for difficult times,” one economist said. By Natasha Frost The Australia Letter is a weekly newsletter from our Australia ...
SYDNEY—Australia’s commodity-rich economy is on track for a soft landing, despite an alarming slowdown over the last year, supported by a household savings and an injection of pension funds as members ...
SYDNEY—It is looking more likely that the answer to Australia’s stubborn inflation woes will be the onset of a recession. It’s a desperate idea, but crashing the economy into a wall to escape the even ...
SYDNEY, Feb 22 (Reuters) - National Australia Bank NAB.AX Chief Executive Officer Ross McEwan said on Thursday that inflation was easing in Australia and interest rates appear to have peaked. "I am ...
SYDNEY, Aug 24 (Reuters) - Australian inflation over the past year-and-a-half was the worst in three decades but the country is still unlikely to experience a recession, the head of the country's ...
The baby recession in Australia is deepening as cost of living pressures make the decision for people to have children less of a choice.