Recession? We're not even close
The Treasury and the Reserve Bank are likely to 'look through' the reported numbers to focus on what's happening beneath them.
The Treasury and the Reserve Bank are likely to 'look through' the reported numbers to focus on what's happening beneath them.
"He effectively told her her role on the project was just to be an ornament."
Treasurer Scott Morrison has branded the dramatic end to five continuous years of economic growth "not just a reminder, not just a wake-up call, but a demand to support economic policies that drive investment and jobs".
Companies see Donald Trump as both the biggest upside and downside risk to global growth in 2017.
Brace for the first quarter of negative economic growth in five years, and only the fourth in Australia's enviable run of 100 quarters without a recession.
Financial market analysts believe the economy went backwards immediately after the July election, ending 5 years of continuous growth and calling into question the government's repeated promise to "deliver jobs and growth".
Last week in front of 1400 people at a Fairfax Media subscriber event I was outed as a "pathological optimist" by an anonymous reader, who wanted to know how I got that way.
Women and men are not always supported in their desire for work flexibility. There's stigmas, and much resistance.
The RBA kept its cash rate on hold in the lead-up to Christmas, playing down concerns over sliding business investment and a likely collapse in economic growth to keep the rate at 1.5 per cent.
Vendors are signing real estate agency agreements that read as if the agents are doing a massive personal favour listing the property. And this when most properties in the hotter markets are close to selling themselves.
Victoria has become Australia's most divided state as the economic fortunes of Melbourne soar while those in the rest of the state crumble faster than anywhere else in the nation.
The number of incoming female chief executives in Australia remains low and has stagnated over the past year, according to a report examining tenure and makeup of CEOs by PwC.
There could be an interesting moment during Tuesday's Reserve Bank board meeting: when the members consider that the bank's forecast of year-to gross domestic product growth dropping to about 2.5 per cent has arrived nine months early.
An age-old debate was re-ignited last week, when the OECD called for higher interest rates to rein in Australia's resurgent housing market.
Australian banks are drawing a line in the sand. Interest rates on mortgages are going up – by stealth. And there will be flow on effect to the residential property market and temper the rate of growth in Sydney and Melbourne.
At least for a moment, US president-elect Donald Trump appeared to achieve this week what President Barack Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy.
Sitting at home watching Netflix or playing on home electronic gadgets, eating delivered takeout food, and getting fatter? You're not alone.
The world of wages has gotten out of whack.
Conventional economics is falling apart, no longer making the sense we thought it made.
Seekers of dark linings to silver clouds are in the process of switching horses ahead of Wednesday's National Accounts Stakes, jumping off National Income Recession and climbing aboard GDP Dive.
A further slide in business investment has economic forecasters pondering the unthinkable: that the Australian economy shrank in the September quarter, and that next week’s GDP growth figure will have a minus sign in front of it.
Both sides of politics try to use a looming loss of Australia's top-notch rating to frighten the horses and blame the other for the supposed problem. But there are much larger forces at work in the world.
The rally in coal and iron ore prices won't buy Treasurer Scott Morrison more time in the eyes of S&P.;
Turnbull and Morrison are genuinely concerned about the inability of ordinary Australians to buy houses and are open to ideas.
An OPEC deal to curtail oil production and prop up global prices appeared in jeopardy as Iran said it won't make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement.
Lacklustre economic growth and stubbornly low inflation mean any talk of the Reserve Bank lifting interest rates next year is premature, economists say.
The ABS data published today is "the clearest sign to date that Australia's high-rise driven dwelling construction boom is starting to turn down", Westpac economist says.
The view from Paris is a lot more hawkish than that of experts on the ground here.
The OECD believes the next move in Reserve Bank interest rates will be up, sometime before the end of 2017.
Coalition voters spent up big on cars after Tony Abbott's 2013 win.
If you're limping towards the end of the year it pays to know when everyday pressures turn into something more sinister.
Running a business out of home gives Christy Hind flexibility that most working parents could only dream of.
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