As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia’s economy.
Treasurer Joe Hockey may have welcomed this month’s interest rate cut, but it’s now up to the government to boost confidence.
Lukas Coch/AAP
In an interview with the Australian Financial Review last week, Reserve Bank Governor Glenn Stevens suggested the Australian dollar might fall to US75 cents in 2015. And he intimated that it wouldn’t be…
Christmas is unlikely to come early this year for retailers as consumers bunker down and pay off household debt.
Dan Himbrechts/AAP
Treasurer Joe Hockey called on shoppers this week to “not let Santa down” and asked them to spend up big at the stores this Christmas. Unfortunately, the latest retail and consumer confidence data indicate…
Pressure for a rates hike is increasing.
AAP Image/Jane Dempster
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Treasurer Joe Hockey is busy selling his budget to the electorate.
Joel Carrett/AAP
Consumer sentiment has tumbled to levels not seen since August 2011, in a post-budget drop economists say does not reflect the real state of the economy. According to the monthly Westpac Melbourne Institute…
Woolworths SA chief Ian Moir announced a proposal for the South African retailer to acquire David Jones in Sydney yesterday.
AAP/Daniel Munoz
Yesterday morning came the news South African retailer Woolworths had offered $4 a share to acquire David Jones, a proposal that has the approval of the department store’s board. This offer, worth an estimated…