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| | | ... the base rate twice. At the May meeting, interest rates rose by 25bps to 4.35%. "That is going to put a handbrake on the economy. We think that growth here is going to soften to about 1% to 1.5% in terms of GDP growth. That's low for Australia. That ... |
| | | | ... type of asset, we think would just introduce new distortions, and ultimately that's bad for investors and for the economy," he said, noting if a company generates high returns from capital gains it will still generate a better post-tax return than ... |
| | | | ... with its five core objectives: getting through the global oil shock, taking the immediate pressure off people, making the economy more productive and competitive, reforming the tax system for workers, first home buyers, businesses and future generations ... |
| | | | ... in addition to easing cost-of-living pressures and strengthening fuel security, wealth managers decry investors and the economy will not come out on top. Last night, Treasurer Jim Chalmers' jampacked "five budgets in one" covered housing, fuel security ... |
| | | | ... the steps announced in the budget to begin tackling structural reforms aiming to improve resilience and strengthen the economy over the long term. "While there are constraints and competing priorities, the government is taking meaningful steps in this ... |
| | | | ... "disciplined decisions" the government has made to "rebuild fiscal buffers". Chalmers acknowledged global uncertainty has hit the economy, however Treasury are projecting the Budget will return to balance over the medium-term. "Australia is not immune ... |
| | | | ... said. "Largely, this reflects the starting point for the Australian economy where, prior to the Middle East conflict, the economy was operating beyond its full capacity, with a tight jobs market and underlying inflation that is well above its 2.5% target ... |
| | | | ... J.P. Morgan Asset Management global market strategist Kerry Craig explained the impact is already materialising in the economy with "data starting to soften." This is seen in the housing market and household spending numbers. On top of this, recent inflation ... |
| | | | ... Tuesday," Chesler said. "The full effect of the Iran war and the increase in the oil price continues to feed into the economy. We expect year-on-year inflation to move even higher when the figures for April are released." Chesler said VanEck is also ... |
| | | | ... Chalmers said the government is working to "strike the right balance" in the May Federal Budget despite pressures to the economy from the ongoing conflict in the Middle East. Speaking in Washington DC, Chalmers said the Budget has been under constant ... |
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