Economy

Economy Trumped

For only the second time since 1892 a U.S. president has won a second, non-consecutive term. AMP’s Shane Oliver looks at what Donald Trump’s second presidency means for the world economy. Contrary to what would […]

Economy

Mixed data ahead of RBA meeting

Retail spending per capita still going backwards, housing approvals supported by detached houses and not units (AMP Capital) The long-awaited Australia’s retail spending data today came out in line to slightly below economists’ estimates of […]

Economy

RBA holds steady on rates

Australia’s cash interest rate remains at 4.35 percent, the central bank not having moved on rates since November 2023 The Reserve Bank of Australia (RBA) has indicated interest rate cuts are unlikely in the near […]

Economy

Resilient job market

Australia’s employment numbers surprise on the upside The number of people employed in Australia rose by 47,500 over August, almost double the figure predicted by economists. Says, AMP Capital economist, My Bui, “The labour market […]

Australia

Australian inflation eases

Australia’s July CPI is lower year-on-year but the nation’s treasurer says it needs to drop “further and faster” Australian inflation eased to a four-month low in July thanks in part to government rebates on electricity […]

Economy

Weak global growth ahead

IMF reports that global economic growth remains steady but the mid-term outlook is for weakness against the backdrop of major economies becoming more aligned Our global growth projections are unchanged at 3.2 percent this year […]

Economy

Equity markets bounce

A mix of more good news than bad on the macroeconomic front eases downward pressure on global markets Share markets continued their recovery over the last week helped along by expectations that “Goldilocks” conditions will […]