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Economy

The Australian labour market remained strong throughout 2024 despite lagging productivity and economic challenges, Deloitte has revealed.

Wage growth is slowing, easing worries that wages will push up inflation and increasing hopes for future interest rate cuts.

Businesses felt a reprieve in early 2025 following a difficult period, but analysts say this could be short-lived as tariff policies impede global economic growth.

Mergers and acquisitions in Australia’s mid-market will be driven by succession planning as dealmakers make fewer but larger deals, according to Pitcher Partners.

The RBA’s rate cut could result in a $1.6 billion boost and increase in consumer confidence for NSW businesses, according to Business NSW.

Yesterday the Reserve Bank handed down its widely-anticipated interest rate cut, reducing the cash rate from 4.35 per cent to 4.1 per cent.

The Greens have hit out at plans to reduce the public service, warning that outsourcing work to the private sector will cost taxpayers substantially more.

The Reserve Bank has handed down its highly anticipated interest rate decision for February.

The Albanese government is banning foreign investors from buying homes in Australia and cracking down on land banking practices in an effort to free up housing supply.

A new report by the Productivity Commission has found that stagnating productivity in the construction industry is slowing down national efforts to address the housing crisis.

While banks and markets are almost certain that the Reserve Bank will cut interest rates tomorrow, global economic factors could complicate its choice.

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