The Latest Breaking News on Economy

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

AAP · Apr 14, 2024

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard · Apr 12, 2024

Whether Australia’s budget has a surplus tells us little about the government’s worth – it’s all on the choices made

Do you direct the recourses of the economy on things that produce good outcomes for Australians, or spend $4.6bn to improve the UK economy?

The Guardian - AU · Apr 3, 2024

House To Vote On Critical Government Spending Legislation

House prepares for crucial vote on government spending legislation to avert shutdown. Bipartisan cooperation needed for timely approval.

Top News · Mar 22, 2024

Fed Again Holds Interest Rates Steady

Inflation has eased over the last year but remains elevated, the central bank says.

Kiplinger · Mar 20, 2024

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

The Guardian - AU · Mar 20, 2024

NSW ups fight for GST amid move to 'wellbeing' budget

Premier Chris Minns has vowed to push to overhaul a "broken" GST distribution system as his government prepares for a budget focusing on more than the economy.

AAP · Mar 18, 2024

US Fed To Provide Fresh Clues On Rate Cuts After Uptick In Inflation

The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.

International Business Times · Mar 17, 2024

Eyes On Bank Of Japan As Unions Announce Wage Hikes

The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy.

International Business Times · Mar 15, 2024

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Evening Standard · Mar 14, 2024