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Economics

Treasury boss pushes reforms to maintain growth

Australia's economic growth could slacken off unless reforms were introduced to boost productivity, Treasury boss Ken Henry said yesterday.

ALP launches new superannuation plan, emphasising simplicity

The Australian Labor Party's shadow treasurer Mark Latham and Shadow Minister for Retirement Incomes and Savings Senator Nick Sherry have announced ALP's superannuation policies that are aimed primarily at simplifying the country's superannuation system.

NT chief minister in campaign to generate investments to the area

The Chief Minister of the Northern Territory, Clare Martin, has been in a four-state tour as part of an investment campaign aimed at encouraging investors to consider NT as a possible destination for their funds and business.

Average weekly earnings growth slows in August: ABS

AAP  |  THURSDAY, 13 NOV 2003
Wage growth slowed in the three months to August, new figures showed today, with the average paypacket now $928.60 a week.

Labor announces launch of book on simplifying the superannuation system

The Shadow Treasurer Mark Latham and Shadow Minister for Retirement Incomes and Savings Senator Nick Sherry have announced the joint release of the first chapter of "Simple Super".

Labor's Latham urges banks to cut fees and charges

WITH AAP  |  THURSDAY, 13 NOV 2003
Banks should cut fees and charges as they continue to rake in massive profits, according to Labor's treasury spokesman Mark Latham.

OECD standardised unemployment rate rises

The standardised unemployment rate for the Organisation for Economic Cooperation and Development (OECD) countries has risen to 7.2 percent in September, which is 0.1% higher than the previous month and 0.2% higher than a year earlier.

Housing finance for September edges up by 3.9%

The Australian Bureau of Statistics (ABS) has today released the latest national lending finance statistics for the month of September, revealing a 3.9 percent increase in housing finance for owner occupation over the previous month to $11.66 billion ...

Consumer sentiment falls 2% in November: Westpac

AAP  |  WEDNESDAY, 12 NOV 2003
The surprise rise in interest rates pushed Australian consumer sentiment down a notch in November after hitting nine year highs the previous month.

Latest OECD data indicates moderate to strong economic global growth

The latest Composite Leading Indicators (CPI) figures for the Organisation for Economic Cooperation and Development (OECD), a 30-nation organization of which Australia is a part of, has indicated that moderate to strong recovery lies ahead for the economies ...