Reflation a long way off in Australia
Consumer prices are likely to have edged higher last quarter driven by petrol, but core inflation will still linger at worryingly low levels.
Consumer prices are likely to have edged higher last quarter driven by petrol, but core inflation will still linger at worryingly low levels.
The ACT easily held its spot as Australia's third best performing economy after NSW and Victoria, respectively, with strong consumer, business and housing spending.
Women are marching on Washington this weekend, but they've been storming the Australian workforce for decades, with implications for mortgage rates.
Business chiefs are urging the next NSW premier to continue driving the state's infrastructure boom, crediting Mike Baird's support for big projects with helping to resurrect the state economy to a position of national leadership.
The Australian economy added 91,500 jobs in 2016 – the worst yearly figure since 2013.
The Australian economy added 91,500 jobs in 2016 – the worst yearly figure since 2013.
The first measure of consumer spending in December to be released suggests Australian businesses had one of their better holiday seasons in 10 years, with consumer spending over the holiday period well above the decade growth average for the month.
NBN Co believes its network build will be halfway complete by the end of this financial year, as its roll out moves into metropolitan areas.
The world's chief executives are shrugging off worries around global volatility and are increasingly confident their businesses will grow in the next year.
Chief executive pay has become a powerful symbol of the widening gap between the winners and losers created by globalisation, and boards must put more focus on justifying the bonuses they pay executives amid a backlash against free-market policies.
Where does the time go? This year will mark the 10th anniversary of the onset of the global financial crisis.
House prices are out of control in some Australian capitals. And this week comes a proposal that this should be countered by halting interest rate cuts — a move that would not only fail to solve the problem but also have detrimental impact on the rest of the country, where housing is not booming.
Rising income inequality is the most important underlying trend determining global events, according to the WEF's annual assessment of global risks. For business, the biggest risk is the potential for cyber attacks.
Fresh from a year that delivered major political shocks and proved tougher than expected, Australian business leaders are taking a cautious approach to 2017.
It's the double whammy that worries economists, that Trump's populist pose assigns less value to economic expertise, while also creating the conditions under which it's most likely to be needed.
Here are some excellent and, to some, disheartening, maps of the median house price in Australia's largest and most expensive capital city, Sydney.
Hardware performed strongly in the lead-up to Christmas, attracting lots of shoppers, but electrical and recreational goods struggled.
Economists are hopeful that a reasonable Christmas shopping period will make for a constructive quarter of consumer spending and help stave off fears of a recession, despite "tepid" retail sales growth in November.
Soaring property prices is creating a legion of new 'sophisticated investors' who could be pushed into riskier financial products.
While wealth inequality has fallen across countries, within countries it has increased.
Housing approvals rebounded strongly in November, but the data is unlikely to herald a change in a declining trend from 2016's peaks, economists said.
Construction activity finished the year weak as home building wound down in December.
How much is it worth to save an Australian life? The Department of Prime Minister and Cabinet says not more than $4.2 million, on average.
The Reserve Bank is aware it is hurting retirees with lower interest rates. But it's all part of the plan.
Australia recorded its first trade surplus in almost three years as Chinese demand pushed up prices for its two biggest exports, iron ore and coal.
Proposed cuts to company tax have come under fire from former federal treasurer Peter Costello for being less effective at boosting the economy than personal tax cuts.
2016 was meant to be the year the housing bubble started to seriously deflate.
Against the backdrop of Brexit and the 'Trump bump', another turbulent year is predicted.
The pursuit of free trade agreements remains a strong priority of the federal government in the face of a rising populist protectionism, particularly from US President-elect Donald Trump.
The lack of easy, costless answers suggests that, come next January, the world will remain in much the same place it is now - a muddle.
Living the street performer dream is still savvy business.
It's tax effective and flexible business structures. It's called a discretionary family trust.
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