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Growth Nation

July 2023

The RBA is engaged in a delicate balancing act, which economists warn could end in recession.

Recession odds increase, as analysts forecast how downturn will look

The Reserve Bank of Australia is engaged in a delicate balancing act, which economists warn could end in recession.

  • Michael Read
Officeworks managing director Sarah Hunter at the retailer’s new automated distribution centre.

Winter has come as retailers prepare to do battle

Faced with a long, deep spending downturn, retailers are cutting costs and dusting off productivity plans put on the backburner during the pandemic.

  • Sue Mitchell
As borrowing becomes costlier, mortgage repayments increase and essentials become more expensive, consumers have reined in spending.

Consumers in hibernation as spending pressures bite

As borrowing becomes costlier, mortgage repayments increase and essentials become more expensive, consumers have reined in spending.

  • Paul Zahra
Almost a dozen retailers including Harvey Norman have issued profit downgrades.

Retailers should never let a good crisis go to waste

After enjoying bumper sales growth during the pandemic, retailers are well-placed to use the consumer spending downturn to prepare for the rebound.

  • Sue Mitchell

The top stocks to ride out the retail slump

Stock pickers and analysts say the consumer discretionary retail sector is under pressure as low and middle-income earners are whacked by rising living costs.

  • Tom Richardson
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Shoppers in Pitt St Mall in Sydney. Discretionary spending started to slow in May.

Rising interest rates force a two-speed retail economy

One analyst says a discretionary spending slowdown could last for up to 18 months, with cost-of-living pressures building up.

  • Simon Evans
Barney Martin owns Barney Martin Hair Salon in Riley Street, Surry Hills, says customers are pushing out appointments to save money.

Fine dining and $500 bottles of tequila – where people are still spending

Cost of living pressures are denting sales of certain services – but not all.

  • Carrie LaFrenz

June 2023

Hacking groups with the most basic of coding experience are able to target and exploit weaknesses in company systems.

Five things you need to know to protect from cyber threats

Hackers use several strategies to gain initial access, including exploiting known cracks in software, using phishing, ransomware and scams.

  • Updated
  • Therese Raft
Rada Stanic, Chief Technologist, Amazon Web Services Australia

How AI can help make humans more productive

Generative AI helps enable new capabilities that are now more accessible for consumers and for businesses.

  • Updated
  • Rada Stanic
One Ventures Managing Partner, Michelle Deaker says some of its portfolio companies can take advantage of tougher market conditions for their rivals.

Survival of the fittest as ‘zombie’ start-ups stagger through winter

The private tech scene is splitting into two camps, with strong well-capitalised start-ups bulking up and zombie firms looking for a way out.

  • Paul Smith
MilkRun founder Dany Milham ran out of funding runway, when investor sentiment around the tech world shifted.

Tech crowd takes its dose of reality and knuckles down

There will be more high-profile failures in Australia’s technology start-up sector before the market recovers its appetite for risk, but plenty of companies will emerge stronger.

  • Paul Smith
Breaking into the US technology market is tough, but Barb Hyman reckons she’s up to the task.

Meet the woman leading Australia’s AI industry into the US

Barb Hyman had two passions when she launched her booming recruitment AI business - diversity and data - and she reckons the US offers better opportunities for both.

  • Hannah Wootton
AMP senior economist Diana Mousina: “Soft skills can’t be replaced by AI, and jobs involving human judgement.”

How AI will change the labour market

Digitisation, automation and AI are having a profound impact on labour markets, with low-skilled jobs or those involving repetitive tasks at greater risk of being replaced by AI.

  • Nicki Bourlioufas
This cryptocurrency crash will cause more widespread damage than previous plunges.

How ethereum survived its biggest test

For months, thousands of investors had been pledging their ether – in a process called staking – anticipating the forthcoming rewards.

  • Jessica Sier
Your financial adviser might already be dabbling in ChatGPT, but an AI-enabled advice experience still seems some way off.

Why genuine robo-advice remains a myth

Your financial adviser might already be dabbling in ChatGPT, but an AI-enabled advice experience still seems some way off.

  • Matthew Smith
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The world’s biggest software companies, including Google’s parent Alphabet, Microsoft, China’s Baidu, Salesforce, even Meta itself, have swarmed into the space opened up by OpenAI’s ChatGPT.

Generative AI replaces crypto as tech’s latest gold rush

The world’s biggest software companies - Google’s Alphabet, Microsoft, China’s Baidu, Salesforce and Meta itself - have swarmed into the space ChatGPT opened.

  • John Davidson
Tech investor Thomas Rice says AI is a foundational technology that can have an impact on all businesses and stocks.

The AI stocks that offer smart investors opportunity

Nvidia, Microsoft, Salesforce, Adobe and Australian tech giant Canva are all flagged as businesses that can harness AI to improve products and grow profits.

  • Tom Richardson

May 2023

Energy Australia managing director Mark Collette

Businesses take baby steps towards renewables

Businesses are walking the walk for the energy transition that Australia as a nation is committed to – but it’s not easy.

  • Updated
  • Alexandra Cain
The buildings will be lit up on 24-26 Feb and 3-5 March to coincide with Sydney WorldPride events in The Domain.

Inflation dampens post-pandemic wanderlust

Tourism is back with a vengeance but rising inflation and interest rates are threatening the spending power of many travellers.

  • Updated
  • Mark Eggleton
Australia Medical Association president Steve Robson

Healthcare challenges far from over

The worst of the pandemic may be over but the medical system is yet to recover from the severe challenges it faced during the past three years.

  • Updated
  • Agnes King

Original URL: https://www.afr.com/topic/growth-nation-1nh8