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| | | The latest national account figures indicate that Australia's productivity growth remains in the doldrums, prompting the Productivity Commission to declare revitalising productivity growth as a national priority. September quarter figures showed ... |
| | | | Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ... |
| | | | ... increased demand for government payments and services," he said. Despite the Treasurer's positive spin, Deloitte Access Economics partner Cathryn Lee said the MYEFO "confirms the inevitable". "The federal budget's bottom line is deteriorating under the ... |
| | | | ... on monetary policy. Ms Baker has been appointed for a five-year term," Chalmers said. Fry-McKibbin is a professor of economics at the Australian National University's Centre for Applied Macroeconomic Analysis, and a fellow of the Academy of Social ... |
| | | | The Productivity Commission has been tasked with five new inquiries focused on identifying ways to materially boost Australia's productivity. Treasurer Jim Chalmers said the aim of the inquiries is to lift incomes, standards of living and create more ... |
| | | | The seasonally adjusted unemployment rate fell by 0.2 percentage points to 3.9% in November, according to the Australian Bureau of Statistics (ABS). "With employment rising by 36,000 people and the number of unemployed decreasing by 27,000 people, the ... |
| | | | The Financial Advice Association Australia (FAAA) has made a submission to the Senate Economics Committee inquiry into wealth management companies, highlighting financial advisers' concerns around the Compensation Scheme of Last Resort (CSLR). Specifically ... |
| | | | ... for a February rate cut button pending a further softening in the incoming data." Commonwealth Bank head of Australian economics Gareth Aird agreed that a February rate cut seems feasible. "Once again monetary policy was characterised as 'restrictive'. ... |
| | | | The supply-side productivity-enhancing reforms of the Hawke/Keating Labor government, continued by Howard/Costello, have since stalled, leading to a decline in productivity - a key catalyst in the deterioration of living standards, according to AMP ... |
| | | | The Reserve Bank of Australia (RBA) will deliver its final interest rate decision today, with a hold predicted by most experts. The RBA has kept rates on hold at 4.35% all year, despite other global central banks having begun a rate cutting cycle. But ... |
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