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Sunday, May 26, 2024

Latest news: Economy

ACT tops economic charts, but faces business investment decline

Canberra's economy is leading the nation in earnings, employment, and retail growth, but business investment is plummeting, data shows.

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

COVID-19 costing the Australian economy billions

COVID-19 is costing the Australian economy billions in lost worker productivity and healthcare spending. The pandemic may be moving into the endemic phase but the virus is still wreaking havoc on the health...

Canberra Liberals blame Chief Minister for credit rating downgrade

The ACT's credit rating was downgraded from AAA to AA+ last month - and deficits could be larger and more prolonged than forecast.

Is music at the heart of Canberra’s nighttime economy?

With plans for Canberra to become a destination city, how do we boost our nighttime economy?

Wages to lift 5.75 per cent for lowest paid workers

Millions of low paid workers will enjoy an 5.75 per cent pay boost that will still fall shy of the rising cost of living.

National care economy strategy revealed

Prime Minister Anthony Albanese has vowed to focus on fixing the nation's aged care, disability, veterans services, and early childhood systems.

Economic momentum starting to ebb across all states

Employment growth is easing in the ACT, which is also the only jurisdiction where rents have not been lifted.

Labor says gig worker reforms won’t capture tradies

The employment minister says new rules to bolster protections for gig workers will not apply to contractors and tradies in construction. 

Budget matters amid cost of living crisis across nation

Economic output and similar markers aren't the best measures of wellbeing but momentum is growing to tackle issues that fall between the pages of the budget.

Economic benefit going to rich ‘inequality on steroids’

A disparity between how much of the economic benefits the vast majority of Australians get compared to the top end of town has been described as "inequality on steroids".