Topic: Economics

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Business and consumer confidence remain subdued

After last week’s bumper crop of Australian data, things were much quieter this week. The monthly NAB business survey suggested business conditions remained relatively subdued in November while the W...

Stuck in the doldrums: Q3 GDP disappoints as RBA remains on hold

A raft of Australian data releases this week as the RBA left the cash rate unchanged at its last meeting of 2019. 

Australia's economic outlook for 2020

AICD chief economist Mark Thirlwell says almost one in two directors judge the Australian economy as weak and outlines how confidence will be vital for 2020.

RBA sets out views on unconventional monetary policy

The focus this week was on RBA Governor Philip Lowe’s speech on unconventional monetary policy, which has encouraged some forecasters to tip the arrival of a terminal cash rate of 0.25 per cent ...

RBA considers more action as Canberra accelerates infrastructure spend

No major Australian data releases this week, but the minutes from the last RBA Board Meeting revealed that policymakers had contemplated another rate cut at the 5 November meeting despite some qualms ...

A labour market stuck in the doldrums? Wage growth still sluggish as unemployment edges higher

The unemployment rate ticked up to 5.3 per cent in October as the number of people employed fell by 19,000, the first monthly drop since 2018 and the largest fall since 2016.

RBA prepared to ease monetary policy if needed but no change to cash rate this month

The RBA has released its November Statement on Monetary Policy. The bank has signalled it is prepared to ease monetary policy further if needed and has downgraded consumption and economic growth for t...

Still waiting for Godot inflation

Headline inflation ticked up marginally to 1.7 per cent in the September quarter while underlying inflation was unchanged at 1.6 per cent.

Outlook bleakest for 3 years: Director Sentiment Index

Our latest read on AICD members’ views on the state of the economy shows that directors have grown more pessimistic about the outlook, with almost half of all respondents reporting that the current he...
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