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Economics

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Australians amassed around $300 billion in savings during the pandemic, but Commonwealth Bank predicts that money will dry up by the end of the year.

Trump victory will jostle trade war, interest rates: Morningstar

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
The potential re-election of Donald Trump will likely jostle inflation and interest rates, and stoke further trade wars with China, according to Morningstar.

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
A new report has revealed an uptick in the number of zombie companies in Australia as the corporate regulator says liquidators have been slow to take on simplified processes.

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The data from the Australian Bureau of Statistics reveals that all households are being hit by Australia's sticky inflation problem.

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Reserve Bank left interest rates on hold at its August board meeting, signalling a 'near-term' cut is not on the agenda. But one major institution believes a November cut is on the cards.

Chalmers 'confident but not complacent' on economic prospects

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Treasurer said he is feeling confident about Australia's economic future but acknowledged the potential impact of global volatility.

Brookfield expands $1bn student accommodation portfolio

MATTHEW WAI  |  TUESDAY, 6 AUG 2024
Brookfield Asset Management is taking a 50% stake in Journal Student Living, which will oversee the operation of three purpose-built student accommodation (PBSA) sites across Melbourne and Brisbane.

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
The Consumer Price Index rose yet again in the June quarter, however experts say the RBA might not hike interest rates just yet.

CommSec names top state for economic performance

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
This was the third quarter in a row the state topped CommSec's State of the States report.

More than 11k businesses call in administrators

MATTHEW WAI  |  FRIDAY, 26 JUL 2024
The Australian Securities and Investments Commission (ASIC) noted a significant increase in administration appointments than previous peaks in its annual insolvency data previously seen.