Australian Economy
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Australia c.bank steps up warning of more rate hikes even as growth slumps
Lowe warns of rising inflation risks, more tightening may be needed Q1 GDP data shows growth at 18-month low, labour…
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Australia’s economy losing steam as pressures mount
The Australian economy is starting to fade as higher interest rates, elevated consumer prices and the slowing global economy make…
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RBA hikes interest rates; BOM issues El Nino warning; Kathleen Folbigg thanks supporters; Roger Cook to become WA Premier; Michaelia Cash denies hospital funding was pork barrelling; Australia issues Ukraine support package
The Australian economy is slowing faster than expected, with the national accounts revealing it expanded by a subdued 0.2 per…
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Signs of weaker growth in Australia’s economy
WHAT HAPPENED IN THE MARCH QUARTER? * The Australian economy grew 0.2 per cent over the quarter and 2.3 per cent…
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Australian shares inch higher ahead of GDP data, miners top gainers
June 7 (Reuters) – Australian shares edged higher on Wednesday after a sharp drop in the previous session, as traders…
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Pandemic to blame for woeful productivity and higher interest rates, says governor Philip Lowe
Unit labour costs – the difference between wages and productivity – increased by about 7.5 per cent last year, which…
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Qantas, Virgin blamed for high flight prices and poor service
The Australian Competition and Consumer Commission (ACCC) has taken aim at Australia’s domestic airline industry, blaming a lack of competition…
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World Bank lifts 2023 growth forecasts, cuts outlook
The World Bank has raised its 2023 global growth outlook as the US, China and other major economies have proven…
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Business commentator’s grim prediction following interest rate rise
Australia’s economic situation will only get worse as interest rates continue to climb and wages chase inflation, claims the Herald…
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Stock market today: US markets slightly lower again Tuesday as economy flashes mixed signals
Wall Street crept modestly lower for a second straight day Tuesday, following a weekslong rally that carried markets to an……
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