The Latest Breaking News from David Rumbens

Spending slowdown sparks memories of 'retail recession'

Grappling with rising interest rates and declining real wages, retailers are expected to be hit hard by a year of slower consumer spending.

AAP · Sep 1

Retailers under attack from weak demand, rising costs

Australia's retail sector faces a pincer attack as the war in the Middle East increases costs and pushes consumers to the brink.

AAP · May 29

First home buyer scheme leading to housing price rise

House prices for homes under thresholds for a five per cent deposit scheme are outstripping increases for all other homes.

AAP · Apr 22

Older and youngest workers vulnerable if hiring stalls

A weaker labour market is felt unevenly by different industries and demographics, with older workers and those new to the workforce most at risk.

AAP · Aug 21, 2024

ACT's rate of sales growth tops country as retail recession ends

But tough economic times may linger for a while, Deloitte says.

The Canberra Times · Mar 9, 2024

Economy hit by 'dastardly duo' of rates and inflation

Australia's economy grew very little last quarter but the result was broadly in line with forecasts and unlikely to change the outlook for interest rates.

AAP · Mar 5, 2024

Employment slowdown to hit blue collar workers hardest

Conditions are finally turning after a bumper few years for the labour market, with some fields to be hit harder than others.

AAP · Feb 18, 2024

RBA stares down 'increasingly homegrown' inflation

The head of Australia's central bank says the drivers of inflation are shifting and that means it will be harder to combat price pressures in the economy.

AAP · Nov 21, 2023

'Shock, after shock' poses inflation risk: RBA boss

The global economic shocks just keep coming and Reserve Bank of Australia Governor Michele Bullock is concerned about the impact on the outlook for inflation.

AAP · Oct 17, 2023

‘Million-dollar question’: All eyes on consumer wallets as experts predict robust growth figures

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

The New Daily · Feb 28, 2023