MacroBusiness | Australia's leading source of macroeconomic and ...
Housing ‘Hunger Games’ transforms Australians into forever renters. 7 hours ago. 11
RBA: Australians hit hard by soaring interest rates
8 hours ago · RBA assistant governor Christopher Kent spoke about how rising interest rates have hit Australian households particularly hard.. Although the official interest rate in Australia rose by less than ...
Lunatic RBA smashes economy for no reason - MacroBusiness
8 hours ago · Here’s the RBA’s chart of headline inflation. Without energy rebates rolling off, the headline rate of inflation will have been perfectly within the range and falling for seven months before a ...
Good news for RBA and inflation - MacroBusiness
6 days ago · The Reserve Bank of Australia (RBA) ‘s interest rate decision last week was undeniably “hawkish”. The RBA explicitly stated that “underlying inflation is too high” at 3.5% and admitted ...
Economists get RBA bullhawk wrong again - MacroBusiness
1 day ago · ANZ and Citi’s economics teams stuck with February but warned the risks of delay were rising as of last week. HSBC, already aiming for “second quarter”, worried the RBA may be unable to cut ...
Australian wages won’t recover until the mid 2030s
5 days ago · The RBA SoMP projected that Australian real wages will only recover 1.2% by December 2026. This would leave wages 6.1% below their June 2020 peak, adjusted for headline CPI inflation. However, it ...
Australia's productivity recession deepens - MacroBusiness
4 days ago · The June quarter national accounts showed that Australia’s labour productivity (GDP per hour worked) fell to 2016 levels, driven by the non-market sector. Australia has also experienced the most ...
Why Australians are hurt most by higher interest rates
Taxpaid as a share of household income has risen sharply in Australia. The already legislated tax cuts kick in from 1 July 2024. But we don’t believe they are sufficient in size to fend off rate ...
Aussie retailers face apocalypse - MacroBusiness
Aug 2, 2024 · Wednesday’s retail sales release by the ABS showed that total retail sales volumes fell by 0.3% over the quarter to be down 0.6% year-on-year. The annual change has now been negative for the ...
Australia's economic outlook worsens - MacroBusiness
Jun 11, 2024 · The next chart on forward orders foreshadows a fairly bleak outlook for economic activity in the near term: The next chart from Justin Fabo at Antipodean Macro also shows that NAB’s survey is ...