Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a 0.6% in the December 2024 quarter, to be a 1.3% higher on an annual (through the year) basis. This annual movement was in the ball-park of market expectations, and a definite improvement on the mediocre
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Households around the world are likely to face cost-of-living pressures for longer than originally expected with monetary policies around the world still struggling to curb inflation. So rather than imminent interest rate cuts, talk of rises in the United States has flowed on to Australia where inflation is still rising faster than core CPI. US
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Published monthly financial statements show that, on an annual basis, the Government has firmly moved into a budget surplus. On an annualized basis, Individual tax receipts are growing at 13% pa, and company tax receipts are growing at 17% pa. Despite a slowdown in receipts through Covid, from January 2020 to April 2023, total revenue
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Let’s face it – Australia is a debt junkie. Australia has zero chance of growing the economy (ie increasing GDP) without borrowing every dollar of the increase to do it. In fact, since March 2000, it has taken an average of $2 increase in borrowing for every $1 increase in Gross Domestic Product (GDP). The
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