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More migrants equal more jobs but less money. 1 day ago. 2
Macro Morning - MacroBusiness
13 hours ago · Wall Street finally got back on trend with a solid finish to the week with the NASDAQ closing some 1.5% higher while the S&P500 was up exactly 1% to finish just below the 6000 point level.
Australia's record-breaking recession to roll on - MacroBusiness
Oct 7, 2024 · Given that Australia’s population grew by 2.4% in the year to June 2024, these projections imply that the per capita recession will drag well into next year—an unparalleled decline.
Australians batten down for longer, deeper recession
Oct 23, 2024 · The IMF’s forecast is slightly more optimistic than similar to the OECD’s most recent economic outlook, which reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in ...
Australian small businesses face recession clean-out
“Small businesses are facing a difficult external environment posed by high inflation and interest rates as well as workforce challenges. Rising costs of goods, wages, and regulatory compliance ...
Easing inflation clears path for RBA to cut rates
Oct 14, 2024 · The inflation target and full employment mandates are complementary, especially over the longer term. But monetary policy generally has a shorter to medium term focus, which means the Board is ...
Australian Economy - MacroBusiness
The “miracle” Australian economy (with its famous run of 24 years without a recession) is an amalgam of pre-modern and post-modern industries with very little in between. Most economies run at ...
Australia's recession risk rises - MacroBusiness
Aug 11, 2023 · Oliver also notes that Australia would already be in recession if not for the nation’s record immigration-driven population growth: “Strong population growth boosts demand and hence GDP growth ...
Job ads stabilise - MacroBusiness
6 days ago · ANZ job ads are flattening out. ANZ-Indeed Australian Job Adsedged up0.3% m/m in December, following a downwardly revised 1.8% m/m decline in November. In trend terms,the series was down 0.2% m/m ...
Australia’s economy tumbles deeper into recession
The most recent national accounts from the Australian Bureau of Statistics (ABS) showed that GDP per capita fell by 1.0% in 2023 following four consecutive quarters of decline: