Looking at the 2018-19 numbers, the Tasmanian economy outshone the rest of the states. And while Tassie led the way, Victoria still did pretty well, but NSW was slowing. WA bought up the rear, still dealing with the end of the mining boom.
October Economic Update
October 4, 2019
Economics is an occupation with no shortage of data. One piece of data economists watch is the participation rate (the number of people who either have a job, or are looking for one). Economists watch this data for both demand and supply reasons.
RBA holds: but some upside
September 6, 2019
Now is still a great time to get finance for a business expansion, asset refresh or other purchases. Money has never been cheaper, and with interest rates hovering just above zero, there’s no reason to wait.
RBA working a plan for growth
August 2, 2019
The Reserve Bank of Australia took a breather in August and left the cash rate unchanged at 1 per cent.
RBA hopes cut will stimulate activity
July 5, 2019
With the Reserve Bank of Australia cutting the official cash rate to a record low of 1 per cent, interest rates continue to be the talk of the business pages. But do rates this low pack a monetary punch? Or will the Government have to pull on the fiscal purse strings to get the economy moving, as RBA Governor Philip Lowe is encouraging?
RBA hopes cut will stimulate activity
June 20, 2019
The big news in June was the Reserve Bank’s decision to cut the cash rate to a record low of 1.25 per cent. While mortgage holders were celebrating, all eyes immediately turned to what it means for the economy and the RBA’s next move.
May 2019 economic update
May 7, 2019
The big picture So, where to from here? The economy is probably in better shape than the GDP numbers indicate, but government, business and the RBA will need to switch gears to get wages growth and inflation up. Most economists agree that that may have to happen in the form of a few more interest rate cuts. It is not a matter of if, but when. The big picture ...
The mining boom is far from over
April 10, 2019
The mining boom that has been occurring since 2003 is considered Australia’s largest mining expansion since the Victorian Gold Rush of the mid-1800s.
Has Australia fallen into recession?
April 4, 2019
If the headlines are to be believed then the Australian economy is about to hit some headwinds. In January we’re seeing more weak numbers: house prices are down, equity markets are volatile, retail foot traffic is falling, the Aussie dollar is under pressure and residential building approvals are in free fall. With the September quarter 0.1% drop in GDP and the weakness looking set to continue well into 2019, economists are wondering: Has Australia fallen into recession?
Was the recent federal budget all bark but no bite?
April 3, 2019
Was the recent federal budget all bark but no bite? The Australian economy remains in 'steady as she goes' mode and it was clear that, some election sweeteners aside, the budget wasn't going to make any radical changes or funding promises.