Tags » Australian Economy

Abbott, Turnbull governments also screwed up the construction economy

Builders are going broke at an alarming rate. And the nation’s net assets are rapidly diminishing, last week’s construction data from the ABS reveal.

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Australian Economy

Investor loans fall to lowest level in 12 months

http://www.smh.com.au/business/the-economy/investor-loans-fall-to-lowest-level-in-12-months-as-banks-react-to-tighter-apra-regulations-20170711-gx8rlv.html

  • Tighter APRA regulations have pushed investors out of the housing market and given leeway to first-home buyers
  • Business conditions also reached a multi-year high in June according to a National Australia Bank business survey, echoing back to pre-global financial crisis levels…
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Australian Economy

July Monetary Policy Decision

  • Cash rate to remain at 1.5%
  • Broad-based pick-up in global economy continuing; labour markets tightening in many countries; forecasts for global growth have been revised up wards from last year.
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Australian Economy

'Manufacturing: A Moment of Opportunity' is manufacturing poised for a recovery?

https://www.theguardian.com/business/2017/jun/21/australias-manufacturing-industry-on-rebound-report-says

  • Report says Australian manufacturing jobs have swelled by 40,000 in the past 12 months, the second-largest number of new jobs created in any industry – and productivity has returned to near its previous peak…
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Australian Economy

Global banks reduce lending to worst fossil fuel emitters by billions in 2016

  • World’s largest banks lent $87bn to oil, coal and LNG companies in 2016 – a 22% drop from a collective $111bn worth of lending in 2015…
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Australian Economy

Increase the Medicare Levy

The Government expects every Australian understands the importance of health care, and consider to increase Medicare levy and the new law will set up a Medicare Guarantee Fund in national disability insurance scheme (NDIS). 417 more words

Australian Economy

Make Australia Great Again? (June 17)

Is Mr Abbott right? Do we need to make Australia great again?

I got talking with Carol who has worked at our local service station for 15 years. 405 more words

Democracy And Australian Refugee Policy