Cash can’t crash: why physical money is here to stay

19 June

It’s said money talks, but the conversation about a cashless society has grown ‘coinvoluted’. From credit and debit cards, to digital wallets on mobile phones – the ways Australians now choose to pay has sparked questions about whether cash...[Read More]

Chalmers eyes soft landing amid budget criticism

19 June

Inflation back within target, an economy that’s still growing and an unemployment rate “with a four in front of it” is the soft landing the federal treasurer is targeting. Jim Chalmers remains cautiously confident the Australian economy can...[Read More]

Sinking ad numbers signal tougher times for job seekers

19 June

Job hunters still have more choice of open roles compared with pre-pandemic levels, even as the average number of ads each week continues to fall. Since the end of 2023, job ad volumes have tumbled 8.2 per cent, reflecting a labour market gradually...[Read More]

Captain Chalmers lines up soft landing on narrow runway

12 June

Global headwinds will continue to buffet Australia’s economy as Treasurer Jim Chalmers sets a course for a final approach towards low inflation. Dr Chalmers is confident Australia remains on track for “a soft landing on a narrow runway”,...[Read More]

Universal childcare would be ‘national asset’, PM says

12 June

Australia already has universal schooling, Medicare and superannuation and the prime minister believes childcare should be treated the same way. Early learning and parenting groups have rallied around a Centre for Policy Development plan to fix the...[Read More]

Economy barely growing as higher interest rates bite

5 June

Australia’s economy is still growing but only just, supported in part by household spending on travel, concerts and other major events. The 0.1 per cent of growth over the first three months of the calendar year, came in a little weaker than the...[Read More]

Australian economy slows over March quarter

5 June

AUSTRALIAN ECONOMY SNAPSHOT – MARCH QUARTER 2024 * Australia’s economy grew slightly by 0.1 per cent in the first three months of the year, less than the expected 0.2 per cent * Annual gross domestic product rose 1.1 per cent, but it’s the...[Read More]

Savings found to cover billions in new federal spending

13 December

Almost $10 billion in savings and spending changes have been clawed back as part of the mid-year federal budget review. The savings and reprioritisations include billions slashed from the federal infrastructure pipeline last month, the finance...[Read More]

Mid-year budget review examines challenges for economy

13 December

KEY CHALLENGES FOR AUSTRALIA’S ECONOMY * Economic growth is expected to moderate to 1.75 per cent in 2023/24 before recovering to 2.25 per cent in 2024/25 * Household budgets remain under pressure from elevated but moderating inflation and higher...[Read More]

Major projects funding to be slashed by billions

13 December

Spending on road and rail projects is expected to be adjusted by $7.4 billion over four years under a re-profiling by the Albanese government. The mid-year budget update, released on Wednesday by Treasurer Jim Chalmers, reveals reforms to the...[Read More]