September
US economy proving still more resilient than expected
GDP expanded at an unrevised 3.0 per cent annualised rate in the June quarter, while it was updated higher to 1.6 per cent for the first three months of 2024.
- Updated
- Reuters
Government-funded jobs are booming but we’re not getting bang for buck
Productivity across the public service and government-funded industries like health and education has crashed to an 18-year low.
- Michael Read
- Exclusive
- International students
Capping overseas students will trigger recession: economists
Australia’s commodities surge is over. Yet, the booming $50bn education sector is the subject of ferocious cuts with dire consequences.
- Julie Hare
No let-up in government’s spending splurge
Labor has left the door open to doling out extra cost of living assistance, even as economists warn that the rapid growth in spending is fuelling inflation.
- Michael Read
Real diamonds can’t cut it as cost crunch hits lovebirds
The cost of engagement rings can jump by hundreds of dollars in a week, says jeweller Rachel Lake, leading to greater interest in sapphires and lab-grown diamonds.
- Gus McCubbing
- Opinion
- Opinion
Treasurer v the RBA: Why Chalmers and Bullock are both right
Jim Chalmers says the economy is getting smashed by high rates, but it’s still running too hot for the RBA. The answer is simple: productivity.
- Michael Stutchbury
Record government spending prolonging RBA’s inflation fight
Treasurer Jim Chalmers says the economy would have gone backwards without government spending, but economists warn the outlays are making the RBA’s job harder.
- Updated
- Michael Read
Consumer slowdown hits profits and GDP growth
Growth in profits and wages is slowing sharply across consumer-facing sectors such as retail and construction, raising expectations for sluggish June GDP figures.
- Michael Read
Growth tipped to slump to 0.9pc, but don’t expect a rate cut
Outside the pandemic, it would be the slowest rate of annual growth since the 1990s recession, and the sixth consecutive quarter in which GDP per person declined.
- Michael Read
August
- Analysis
- USA
Is the US heading for a recession?
Most analysts believe the world’s largest economy will make a soft landing, with inflation falling back to the Fed’s 2 per cent goal without a sharp rise in unemployment.
- Claire Jones, Delphine Strauss and Martha Muir
July
China cuts key interest rate after Xi’s top meet disappoints
China surprised markets with interest rate cuts on Monday, in efforts to boost growth in the world’s second-largest economy.
- Jessica Sier
Luxury brands roll out huge discounts as Chinese rein in spending
The sales are being offered primarily by aspirational brands such as Versace and Burberry, as China’s once-voracious middle-class consumers become more frugal.
- Annachiara Biondi and Thomas Hale
June
US economic growth revised up slightly to 1.4pc
The US economy experienced the slowest quarterly growth since spring 2022, though the figures were a slight upgrade on previous estimates.
- Paul Wiseman
New Zealand shakes off recession but no relief yet
Gross domestic product gained 0.2 per cent from the previous quarter, when it declined 0.1 per cent, Statistics New Zealand said on Thursday.
- Updated
- Tracy Withers
Britain’s economy stalls in blow for Sunak
Gross domestic product was flat in April compared with the previous month, a slowdown from 0.4 per cent growth in March.
- Tom Rees and Irina Anghel
House prices would barely fall under Dutton’s migration plan: Grattan
Peter Dutton’s plan to slash migration would have long-term economic consequences, but little bearing on house prices and rentals, says the Grattan Institute.
- Julie Hare
Why everyone is talking about ESG | RBA’s $5b headache | Private credit boom
This week on the Chanticleer podcast, James & Anthony look at business’ ESG focus, explain how apparently sluggish economic growth doesn’t mean rate cuts are coming, and deep dive into the hottest asset class in the world.
The buyers jumping into Australia’s housing market
Even with 16 straight months of gains and repeated records for house prices, buyers appear willing to take their chances. The question is why.
- Nila Sweeney
Economy still too strong despite recession talk
Economists say consumer resilience shows there is still excess demand in the economy after a post-COVID spending boom.
- Michael Read
- Opinion
- Chanticleer
Investors’ big worry from GDP data isn’t what you think
The March quarter GDP numbers suggest a whiff of stagflation in the air. But the real story is of surprising economic resilience.
- James Thomson