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Tuesday, April 30, 2024

Latest news: Economy

Petrol prices fall but inflation to test confidence

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.

Inflation, rates risk to business outlook post pandemic

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.

Election triggers cautious period for Australian economy

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.

National renewable energy plan to generate jobs across economy

A national energy plan to create hundreds of thousands of jobs across the economy has been commissioned by the sparkies who would roll it out.

Economic director Richard Brice gives predictions on Canberra’s future

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.

Federal budget improves in stronger-than-expected economy

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.

Focus now on federal budget as inflation pressures mount

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.

Cost of living pressures affecting Australian households

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.

Barr: Economic signs are positive for 2022

Business investment and consumer spending are driving economic and fiscal recovery, says Chief Minister Andrew Barr.

Seven property predictions for 2022

With 2022 fast approaching, Chief Economist at Ray White Group, Nerida Conisbee, has provided her expert property predictions for 2022.

Public sector shields ACT from pandemic recession

The ACT experienced its highest unemployment rates since 1999 this year, according to a new report, but the ACT is on track to recover.

Australia’s economy tanked during COVID-19 lockdowns

Australia's economy sank by 1.9 per cent in the September quarter as a result of COVID-19 lockdowns in the nation's major states.

One person’s trash is another person’s treasure

Australians dump around 800 million kilograms of unwanted clothing into landfill each year, most of which consist of man-made fibres that are incredibly difficult to break down naturally, all in the name...

COVID roadmaps buoy business confidence

Business confidence has surged on the hope that roadmaps out of COVID-19 lockdowns will allow economic activity to rebound in coming months.

Treasurer makes economic case for net zero emissions

Frydenberg has declared it is in Australia's interest to back global climate targets as he makes the case for a 2050 net zero emissions goal.

Financial support expected to dry up as vaccination rate rises

Frydenberg is warning states not to expect the same level of financial support once Australia's COVID-19 vaccination rate passes 70 per cent.

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