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Category Archives: Economy

RBA hopes cut will stimulate activity

July 5, 2019
Economic Update July 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?

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RBA hopes cut will stimulate activity

June 20, 2019
RBA hopes cut will stimulate activity

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.

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May 2019 economic update

May 7, 2019
May 2019 economic update

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 ...

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The mining boom is far from over

April 10, 2019
The mining boom is far from over

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.

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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?

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Was the recent federal budget all bark but no bite?

April 3, 2019
Was the recent federal budget all bark but no bite?

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.

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Weighing up the risks

March 1, 2019
Weighing up the risks

It’s all about risk. The RBA is wary of risk – and has kept interest rates unchanged – while entrepreneurs embrace it. Who’s right and who’s wrong?

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Cash flow tips for tradies

February 22, 2019
Cash flow tips for tradies

As we move into the back end of the financial year, tradies and suppliers should be looking to balance their books. But since cash flow is the lifeblood of business, you need to make sure you're managing your money.

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