Home
Search
thewest.com.au
BusinessChevron Right Icon

Economy

EconomicsCommentsPremiumAustralia’s economy is suffering a hangover

Australia’s economy is suffering a hangover — and the cure is yet to fully kick in, if robust employment and still-rising prices are anything to go by.

Matt Mckenzie

Federal PoliticsCommentsEx-Labor treasurer doubles down on extraordinary RBA tirade

Former Labor treasurer Wayne Swan has been forced to defend his blistering attack on the Reserve Bank.

Dan Jervis-Bardy

EconomyExpert’s huge call on Aussie interest rates

Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year.

Blair Jackson

EconomicsCommentsPremiumHere’s who is up and who is down as the economy slows

Australia’s economic growth is close to the slowest level in decades, but the small number hides a major shake-up of where the income is flowing.

Matt Mckenzie

NewsPremiumBleak warning over Aussie interest rates

An economist has warned Australia has been left “exposed to inflation that’s really destructive” on the eve of RBA’s next rates decision.

Nathan Schmidt

VIC NewsState’s shock social housing figure

A year ago, one Australian Premier said the ‘status quo is not an option’ as he unveiled a major housing plan. Since then rents are up 13 per cent.

Blair Jackson

BusinessMajor bank pushes back rate cut date after jobs bonanza

One of Australia's major banks has shifted forecasts for when the Reserve Bank will lower interest rates, off the back of stronger than expected job numbers.

Andrew Brown

MARKET WRAP‘Jumbo’ Fed cut boosts Aussie shares

The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.

Duncan Evans

BankingCommentsPremiumBusiness lending the next battle ground for Aussie banks

Business banking looks set to be the next battleground in Australia after mortgage lending. Hiring people to support the growth will be a problem, according to the country’s biggest lender in this area. 

Harry Brumpton

newsPremiumAlarming figure ahead of RBA rate decision

While August’s labour force data revealed Australia’s unemployment rate remained steady, it dashed hopes of a RBA rate cut on Tuesday.

Jessica Wang

updated
updated
EconomyComments
updated
Aussie jobs figures dampen hope of rate cut

Economists and markets are once again dialling down talk of an interest rate cut after 48,000 Australians found jobs in August.

Matt Mckenzie

FINANCEAussies react to massive interest rate cut

The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.

Duncan Evans

newsPremiumMajor cash boost for Aussie families

Women who give birth to or adopt babies after July 1 next year will be eligible for an increased cash boost aimed at lowering the “motherhood tax”.

Jessica Wang and Joseph Olbrycht-Palmer

EconomyPremiumShocker GDP result shows New Zealand shrinking again

New Zealand's economy has shrunk for the fifth time in the past seven quarters, with an 0.2 per cent contraction in the period to June.

Ben McKay

MARKET WRAPAussie shares flat before pivotal Fed moment

The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.

Duncan Evans

HOUSING MARKET PremiumAustralian mortgage snapshot reveals grim detail

One mortgage group is outpacing owner-occupied loans at an astonishing pace.

Blair Jackson

EconomyHarvey Norman sued over 'worthless' extended warranties

A class-action lawsuit claims Harvey Norman's extended warranties provided no value to consumers, as they already had remedies under Australian law.

Derek Rose

POLITICSPremiumHuge call on 12.9m Aussie salaries

Nearly 13 million Australians would be making $4092 less a year if it weren’t for one thing, a senior Labor Minister has claimed.

Jessica Wang

EconomyCommentsPremiumThe glass is not half full for hospitality

Cafes, restaurants and bars have become collateral damage in the fight against inflation with a closure rate north of 8 per cent in the year to July.

Matt Mckenzie

MARKET WRAPAussie shares hit fresh record on Fed fever

The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.

Duncan Evans

EconomyPremiumRise in number of vulnerable borrowers falling behind

About one in 25 sub-prime borrowers are behind on their mortgage after taking hits from inflation and rising interest rates.

Matt Mckenzie

BreakingAustralia locks in contentious new trade deal

Australia has signed a massive new trade deal with a Middle-Eastern powerhouse, but the agreement has sparked controversy.

Duncan Evans

CEOsCommentsPremiumWomen more likely to be promoted with the help of a bloke

A top workplace gender equality group has condemned a “regression” sweeping the upper ranks of Australia’s largest companies that won’t change unless women are included in the running for internal promotions.

Simone Grogan

ECONOMYPremium‘Backwards’: Albo blasted over economy fears

Australia is at risk of taking “noticeable” steps backwards, with one business leader saying prominent CEOs are fearing the country is “losing” its way.

Jessica Wang