Focus
Australian economy
Australian Retail Sales Surge 0.3 Percent With Taylor Swift’s Influence
The Eras Tour spending led to retail sales growing modestly at 0.3 percent.
61 Percent of Entrepreneurs Juggling Side Hustles With Full Time Jobs
People seek additional sources of income amidst financial challenges.
Growth Report Likely to Show Households in Pain
The Australian economy is expected to to post another weak growth result in the December quarter of 2023.
PM Defends Backflip on Tax Cuts for High Income Earners, Cites COVID Response
The PM acknowledged the decision would be controversial.
Australia Likely to See $20 Billion Budget Surplus, Despite Deficit: Mid-Year Outlook
The government says it has banked 92 percent of revenue improvements since the May budget.
RBA to Set Up New Board for Interest Rates, Scrap Treasurer’s Overruling Powers
‘We want to ensure Australia’s central bank remains world class with a monetary policy framework fit to meet our current and future economic challenges.’
Retail Sales Steady, But Not Great: ABS Data
Stronger than expected growth in retail sales indicate inflation still a concern and may see interest rates rise in November.
Low Unemployment the Major Goal in Employment White Paper
Treasurer wants to keep jobless rate low and sustainable.
