‘Self-fulfilling’ inflation expectations risk recession
Australia could face a recession if businesses fail to keep their inflation expectations anchored, the central bank has warned.
The policies shaping our future
Australia could face a recession if businesses fail to keep their inflation expectations anchored, the central bank has warned.
Federal ministers have flagged the government is open to providing rollover support to small businesses and start-ups, amid looming changes to taxes on trusts.
Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.
The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.
A state has been warned climate change-linked weather hazards endanger almost a fifth of the value of major infrastructure assets.
New jobs data expected to be steady despite impact of events in the Middle East and inflationary pressures.
More than half of poll respondents said they would be worse off with this budget while another poll has Angus Taylor as preferred Prime Minister.
The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.
The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each other’s policies.