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2025 to rain Aussie interest rate cuts - MacroBusiness
Financial markets have fully priced in dual interest rate cuts at the Reserve Bank of Australia’s (RBA) board meetings in April and May after the central bank adopted a more dovish tone in ...
Australians batten down for longer, deeper recession
Oct 23, 2024 · The IMF’s forecast is slightly more optimistic than similar to the OECD’s most recent economic outlook, which reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in ...
Australians face slow grind out of recession - MacroBusiness
Westpac has released its Red Book for October, which forecasts a long grind out of recession. Westpac notes the brutal decline in real per capita disposable income, which it estimates at “an eye ...
Australian’s recession set to break more records
Australia’s population growth rate was 2.4% in the year to June 2024, as illustrated below: Therefore, the OECD’s forecast implies that Australia’s per capita recession will extend well into ...
RBA: "underlying inflation remains too high" - MacroBusiness
Nov 5, 2024 · The Reserve Bank of Australia (RBA) has categorically ruled-out rate cuts in the short-term, noting in Tuesday’s monetary policy statement that “underlying inflation is too high” and that ...
RBA hard pivots on inflation and interest rates - MacroBusiness
Oct 9, 2024 · The final paragraph in the August Board Minutes stated that, “based on the information available at the time of the meeting, it was unlikely that the cash rate target would be reduced in the ...
RBA to still cut in December - MacroBusiness
The RBA is still going to cut in December. The reason is inflation will be too weak if it does not, Especially so after another round of energy bill rebates is announced: Gareth Aird at CBA ...
Australia should be swimming in money - MacroBusiness
Aug 16, 2024 · Brooker notes that “between Q3 2003 and Q2 2022… resources exports went from 5.9% of GDP to 14.9% (peaking at 20%)”.. Economist Chris Richardson estimated that since 2000, the terms of trade ...
Australian Economy - MacroBusiness
The “miracle” Australian economy (with its famous run of 24 years without a recession) is an amalgam of pre-modern and post-modern industries with very little in between. Most economies run at ...