The downturn in China’s economy is a major concern for Australia, although it’s unlikely to trigger a local recession, Treasurer Jim Chalmers has said. A slew of recent data suggest that China – Australia‘s largest trading partner – is now on the brink of a financial crisis. However, asked ifContinue Reading
With talk about the potential for a recession ramping up in Australia and around the world, would-be investors today have cause for concern. As an investor, you don’t want to make a mistake you later regret, and this fear can be paralysing. But at the same time, there’s a hugeContinue Reading
Earlier this month, Treasurer Jim Chalmers announced that Australia’s first national “wellbeing framework” would soon be released that will comprise around 50 indicators showing how Australians are tracking over time. Dr Chalmers said the wellbeing framework “will help us track our journey towards a healthier, more sustainable, cohesive, secure andContinue Reading
The chance of Australia plunging into recession has risen as high as 70 per cent, according to some economists, on the back of the Reserve Bank of Australia’s aggressive rate hikes which at this stage have no end in sight. With nine consecutive hikes since May last year, Australians areContinue Reading
Rapidly mounting risks to Australia’s economy may mean that a local recession is inevitable, former Liberal leader John Hewson has warned. Writing in The Saturday Paper, Dr Hewson said Australia’s “Covid-19 mismanagement” combined with interest rate rises, at a time when the federal budget is badly in need of repair,Continue Reading