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Economy

  • Australian economy grows by 0.4%

    Josh Frydenberg     |      June 5, 2019

    Today’s National Accounts show that the Australian economy grew by 0.4 per cent in the March quarter to be 1.8 per cent higher through the year. This is within the range of market expectations.

  • Economy not growing fast enough: BCA

    First 5000     |      June 5, 2019

    Australia’s economy is not growing fast enough to deliver higher wages growth and better opportunities for all Australians, according to the Business Council of Australia.

  • RBA cuts interest rates for first time in 2.5 years

    First 5000     |      June 4, 2019

    The RBA Board decided to lower the cash rate by 25 basis points to 1.25 per cent at its meeting today. RBA Governor Philip Low said the board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.

  • Birdwatchers boost NSW economy

    First 5000     |      May 24, 2019

    A group of birds that are not usually found in Australia attracted hundreds of birders to a relatively remote town on the north coast of NSW, resulting in a significant boost to the Australian economy.

  • Majority of private companies expect revenue growth to increase in 2019

    First 5000     |      May 13, 2019

    With disruption rewriting traditional business operations, private business leaders remain steadfast in their optimism about the year ahead, despite market concerns around wage stagnation, the property downturn and looming economic storm clouds.

  • Builders back Budget focus on small business, skills and infrastructure

    First 5000     |      April 3, 2019

    Builders around the country will back the key initiatives in the Federal Budget that will help promote economic growth across the country. 

  • Major parties must recommit to growth following worse than expected GDP figures

    First 5000     |      March 6, 2019

    Both major parties need to re-commit to policy agendas for economic growth following the worse than expected performance by the Australian economy in the closing months of last year, according to Master Builders Australia.

  • SME confidence and conditions continue to ease: NAB

    First 5000     |      February 15, 2019

    Small and Medium Enterprise (SME) business conditions continued to decline with conditions remain just above average, while confidence is now well below average, according to the NAB SME Survey for Q4 2018.

  • State of the States: Commsec

    First 5000     |      January 29, 2019

    NSW & Victoria now share the honour of the best performing Australian economy, while the ACT is not far back in third spot, according to the latest CommSec quarterly State of the States report. 

  • Australia’s three major asset classes have the lowest returns in a quarter of a century

    First 5000     |      December 11, 2018

    Earlier this year analysis by RiskWise Property Research projected returns for shares, government bond yields and residential property would reach their lowest in 25 years.

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