This Month
New Zealand shakes off recession but no relief yet
Gross domestic product gained 0.2 per cent from the previous quarter, when it declined 0.1 per cent, Statistics New Zealand said on Thursday.
- Updated
- Tracy Withers
Britain’s economy stalls in blow for Sunak
Gross domestic product was flat in April compared with the previous month, a slowdown from 0.4 per cent growth in March.
- Tom Rees and Irina Anghel
House prices would barely fall under Dutton’s migration plan: Grattan
Peter Dutton’s plan to slash migration would have long-term economic consequences, but little bearing on house prices and rentals, says the Grattan Institute.
- Julie Hare
Why everyone is talking about ESG | RBA’s $5b headache | Private credit boom
This week on the Chanticleer podcast, James & Anthony look at business’ ESG focus, explain how apparently sluggish economic growth doesn’t mean rate cuts are coming, and deep dive into the hottest asset class in the world.
The buyers jumping into Australia’s housing market
Even with 16 straight months of gains and repeated records for house prices, buyers appear willing to take their chances. The question is why.
- Nila Sweeney
Economy still too strong despite recession talk
Economists say consumer resilience shows there is still excess demand in the economy after a post-COVID spending boom.
- Michael Read
- Opinion
- Chanticleer
Investors’ big worry from GDP data isn’t what you think
The March quarter GDP numbers suggest a whiff of stagflation in the air. But the real story is of surprising economic resilience.
- James Thomson
- Updated
- Interest rates
Surprise overseas travel boom could keep rates on hold
Households are saving much less than previously thought and spending far more on travel, prompting economists to suggest consumers will splurge more of the stage three tax cuts than expected.
- Updated
- Michael Read
Economy grows by 0.1pc | RBA to ignore energy rebate | Medibank faces $21.5 trillion fine
Read everything that’s happened in the news so far today.
Future Made in Australia is ‘not tax reform’, says PC boss
Productivity Commission boss Danielle Wood also said cutting company tax would make the economy more competitive, putting her at odds with Treasurer Jim Chalmers.
- Michael Read
- Opinion
- Chanticleer
Meet Australia’s new mortgage prisoners
New data from Morgan Stanley suggests high house prices, difficulty getting loans and depleted savings mean more households are stuck in their current home.
- James Thomson
Profit growth drops amid household spending crunch
Over the past year, profits fell across the manufacturing, wholesale and transport sectors, and barely grew in the consumer-facing retail and hospitality industries.
- Michael Read
May
GDP growth tipped to slump to 1.1pc, but don’t expect a rate cut
Economists expect GDP figures next week could show annual growth slumped to just 1.1 per cent in March, after consumer spending and home building went backwards.
- Michael Read
China’s industrial profits return to growth
A global cyclical boom in technology products like chips as well as a push by the government to get firms to replace their old equipment supported the April upturn.
- Gao Yuan
European economy rebounds, but June rate cut still on the cards
The bounceback has not triggered inflation, creating space for the European Central Bank to start easing the squeeze before the US Federal Reserve.
- Hans van Leeuwen
April
US data shows economy in unexpected slowdown
Growth in the world’s biggest economy was slower than expected, while an acceleration in inflation reinforced expectations rates won’t be cut before September.
- Lucia Mutikani
- Opinion
- Monetary policy
Why inflation is proving sticky on both sides of the Atlantic
What matters is not what is happening right now, but what will happen in the months or even years ahead, as past policy works through the system.
- Updated
- Martin Wolf
- Opinion
- Global economy
America’s ‘supercharged’ economy can’t last
One overlooked reason for US resilience is a tonne of stimulus still coursing through the economy.
- Ruchir Sharma
China’s factory expansion is new sign of recovery
While the industrial sector expanded for the first time in six months, China is still grappling with a deep property slowdown and weak investor confidence.
- Fran Wang
March
Small productivity rebound is nothing to celebrate
The productivity slump may have bottomed out, but it has happened because workers’ hours are being cut, not because businesses are investing, a leading economist warns.
- Ronald Mizen
