The Australian economy narrowly exited a per capita recession in Q4 2024 after recording 0.1% growth. This followed 21 months of consecutive declines in per capita GDP. In a speech to be delivered in Queensland on Tuesday, Treasurer Jim Chalmers will reportedly reveal that Cyclone Alfred’s immediate impact on GDP is estimated to be $1.2
Australian universities long since stopped serving the public interest. They are now little more than visa factories for the disastrous immigration-led economic model and funnels of Chinese and other autocratic influence. Governments have been captured by the universities by becoming retirement homes with large sinecures for failed politicians. If we can’t cleanse the system ourselves
Chinese credit for February failed to launch with Total social financing up another measly 0.2% to 8.2% yoy. The composition was worse as household credit plunged 390bn, leaving big questions over the housing recovery. In fact, private credit kept ebbing away while government bonds filled the gap. There is nothing here to end the depression
Institute of Public Accountants senior tax adviser Tony Greco estimated the federal government is losing around $564 million annually of tax revenue due to the Fringe Benefits Tax (FBT) exemption for certain battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). There’s no time limit on the scheme for BEVs. However, the FBT exemption will expire
Sense never lasts long in the iron ore market. The market is still trading the long gone Pilbara cyclones. With China stocks down. Even though production is well and truly recovered. Apparent demand is a little better that 2024 for flat. And a little worse for long. Ahead are cuts, cuts, cuts! But the market
Deloitte Access Economics released its Budget Monitor, which estimates an underlying cash deficit of $26.1 billion in 2024-25, $0.8 billion above the expected outcome in the 2024-25 Mid-Year Economic and Fiscal Outlook (MYEFO). Larger underlying cash deficits are also forecast over the following three years. Net debt is also expected to increase to 19.6% of
The Market Ear says buy. Keep it simple Oversold can stay oversold for longer than most think possible, but deeply oversold, like now, has led to violent bounces kicking in over the past years. Source: Refinitiv Time to (ever) place some buy orders? Still early in the month, but JPM estimates that the potential equity
Cheap energy is the life blood of any modern economy. Take it away and everything suffers. The Australian. Australian businesses have suffered the sharpest annual fall in gross operating margins in a quarter of a century due to inflation-driven costs, including a “staggering” 51 per cent spike in gas prices, putting at risk Jim Chalmers’
The pet shop has gone mad this weekend with all and sundry declaring ANZUS dead and Australia alone in the world. America may abandon NATO though I doubt that as well. It looks more to me like America wants Europe to pay its own way in its defence. There is no danger to America from
Goldman with the note. Our US economists recently revised their growth forecasts and are now below consensus for the first time in almost three years. At the same time, our European economists responded to the unprecedentedGerman spending plans by upgrading their Euro area growth forecasts despitethe looming tariff threats. As a result, we are also