Australia's new Finance Minister, ACT Senator Katy Gallagher says Labor has inherited a serious set of economic and budget challenges, but will take tough decisions while also focusing on cost of living issues.
Growth in retail spending is expected to have slowed even before Australians feel the impact of the first official interest rate rise in more than a decade.
Australia's economic recovery has been faster and better than expected, with stunningly low unemployment and soaring commodity prices, but what comes next is unclear.
Motorists have enjoyed a rapid decline in petrol prices in the past four weeks, aided by the federal government's temporary halving of fuel excise in last month's budget.
While business activity is showing the green shoots of recovery from the pandemic, there remains the risk of increased insolvencies in the short to medium term, credit reporting agency CreditorWatch warns.
After weeks of uncertainty, Prime Minister Scott Morrison has finally called the federal election for May 21, triggering a traditionally cautious period for both Australians and investors.
To get insight into what Canberra’s economic future could look like, CW sat down with new economics director for Hatch and RobertsDay, Richard Brice, to hear his predictions.
A stronger-than-expected economy, a falling unemployment rate to historic lows and a commodity price boom as the result of the Russia-Ukraine war have the revenue dollars rolling in for Josh Frydenberg's fourth budget.
A light economic data calendar will switch the focus to the March 29 federal budget, which is being put together at a time of heated inflation pressures, notably at the petrol pump.
The average Australian household has never felt better financially, but a new survey has also found concerns around the prolonged impact of COVID-19 and cost of living pressures are beginning to creep in.
