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Economics

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
The federal government's pre-election budget is expected to unveil an underlying cash deficit of $26.1 billion for the 2025 financial year, while revenues will deteriorate by $11.3 billion over four years, a new report from Deloitte shows.

Australia can benefit from China's economic growth amid trade war: Experts

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
China is now better equipped to absorb US trade tariffs compared to 2018-19 and is poised for growth that can benefit Australia despite the unrelenting trade war, according to experts who spoke at the China Investor Symposium.

Australia must focus on 'friend-shoring': UNSW

ELIZA BAVIN  |  THURSDAY, 13 MAR 2025
A new report from UNSW said the federal government will face major economic policy challenges that will shape Australia's position in the global landscape.

Gender parity in financial services an economic imperative

KARREN VERGARA  |  MONDAY, 10 MAR 2025
The financial services industry has made modest inroads with gender parity, and closing the wealth and financial literacy gap, but the reality is accelerated action is needed from the government and private sector to tackle entrenched inequalities as ...

GDP edges higher, but for how long?

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
The Australian economy grew slightly in the December quarter, but global trade tensions could rattle the planned 'soft landing', according to an expert.

War on inflation: Australia vs New Zealand

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
HSBC chief economist Paul Bloxham has examined who comes out on top in the battle against inflation. Is it Australia or our friends from across the pond?

Trade war intensifies: China, Canada respond to Trump's tariffs

ANDREW MCKEAN  |  WEDNESDAY, 5 MAR 2025
US President Donald Trump has moved forward with tariffs on Mexico and Canada while doubling the 10% tariff imposed on Chinese imports in February. Canada and China have introduced their own retaliatory measures, further escalating trade tensions.

RBA 'not committed' to further rate cuts

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
The Reserve Bank confirmed there were several reasons to leave interest rates on hold last month, and warned just because it cut rates does not mean it will continue to.

The productivity problem: Good ideas never put to use

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
The source of Australia's productivity problem is not a lack of good ideas, but rather the inability to enact them, the Productivity Commission finds.

Deflation continues, albeit slowly

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
The monthly CPI indicator rose 2.5% in the 12 months to January, according to the Australian Bureau of Statistics.