Apart from the pandemic years, GDP hasn't been this weak since Jim Chalmers was at school and Oasis was getting together for the first time.
Slowest economic growth since 1991 recession recovery
David Bassanese says domestic consumer spending is weak, with supply constraints holding back the economy.
Photo shows A man with grey hair smilin while seated in a television studio during a news interview.Has Video Duration: 4 minutes 55 seconds.Inflation falls to 3.5pc in July as energy rebates help to push electricity prices lower
The annual rate of inflation declined in July, as commonwealth and state rebates drove energy prices lower, the Bureau of Statistics said.
Photo shows cash lays on a kitchen table beside a cup of tea and a list of bills owingEmployers are seeing a surge of applicants for new roles as Australia's unemployment rate climbs to 4.2 per cent
The unemployment rate climbs to 4.2 per cent in July, despite data from the Australian Bureau of Statistics showing more than 58,000 people found work last month.
ASX200 closes higher after unemployment rate rises, Telstra profits down 12.8 per cent — as it happened
The ASX200 closed higher on Thursday after labour force data showing further signs Australia's economy is contracting, with a jump in the employment rate.
Photo shows Two women look at a share price board outside the ASX in Sydney.'A little too strong for inflation': What recent wage price data tells us about future interest rate decisions
The annual pace of wage growth has remained steady in the June quarter, at 4.1 per cent, with an increase in public sector wage growth offsetting a decline in private sector wages.
Photo shows Generic picture of Australian bank notes'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
The attacks on democracy and freedom "have never been greater in my lifetime," warns Nobel Prize-winning economist Joseph Stiglitz.
The RBA has managed to dodge a bullet on interest rates, but dark economic clouds are looming
What a difference a week can make. Just days ago, there were growing calls for the RBA to hike rates once more. Now that's effectively off the table, financial markets are in a mad panic that rate cuts won't come soon enough.
Inflation isn't as bad as predicted, but we're now stuck at an inflection point on monetary policy
This week's inflation numbers have spared the Reserve Bank — and the indebted — the spectre of another rate rise. But it hasn't made the problem go away — for the bank or the government.
Inflation up but RBA's 'core' target fell, delivering 'good news' on future rate rise
Australia's annual rate of inflation lifted to 3.8 per cent in the June quarter, up from 3.6 per cent.
We've cleaned our drinking water for decades. Why don't we do the same with the air we breathe?
The Pathway to Clean Indoor Air in Victoria could speed up the end of the current pandemic and help us prepare for the next one. But improving indoor air quality won't just bring health benefits — it could also boost businesses' bottom lines.
Photo shows A woman wearing a protective mask walks with a bike in China.Rex Airlines suspends sale of some flight routes as trading halt drags on — as it happened
The future of Rex Airlines remains uncertain after it removed the option for travellers to book flights on some routes on Tuesday, while the ASX ended lower at the end of trade.
Photo shows A wing of plane with Rex written on the side of itWhy the RBA should hold off on rate hikes
Ahead of its meeting next week, the RBA has effectively talked itself into a corner: should it come good on its threats of a rate hike if inflation comes in hotter than expected, or will it choose to maintain its apparent reluctance to push rates even higher?
Photo shows Michele Bullock, looking at journalists, wearing a light blazer, standing at a podium, during a press conferenceUnemployment edges up despite more than 50,000 extra jobs amid rapid population growth
Australia's unemployment rate continues to edge higher, despite the creation of about 50,000, mostly full-time, jobs last month.
Photo shows A generic photo of a hotel worker'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
Keeping interest rates too high for too long could have disastrous economic consequences, the IMF has warned in its latest report.
Photo shows IMF提升了对美国和中国在2024年的经济预测。Most Gen Xers and Millennials earn more than their parents, but Gen zers are struggling to get ahead
Most Australians are economically better off than their parents were at a similar age, but that's increasingly not the case for those in poverty, women, and people born after 1990, according to the Productivity Commission.
Has Video Duration: 3 minutes 17 seconds.Leading economist warns of a significant risk of recession if interest rates rise
The Australia Institute Executive Director Richard Deniss says increasing interest rates is "dangerously unnecessary" as there's plenty of evidence the economy is slowing.
Has Video Duration: 5 minutes 8 seconds.Most of Gen X are earning more than their parents, but the picture is cloudy for Gens Y and Z
Most Australians are economically better off than their parents when at a similar age, but that's increasingly not the case for those in poverty, women, and people born after 1990, according to the Productivity Commission.
We're richer than everyone else. But one more rate hike could change that
Australia's much-discussed narrow path out of the inflation fight is rapidly turning into a highwire act. While one more rate hike from the RBA could cause a recession, holding back if inflation accelerates further will damage its credibility.
Photo shows An out of focus man and woman walk past a building with glass sliding doors and a sign reading Reserve Bank of Australia.What Australia's economy will look like in a year, according to 29 top forecasters
An expert panel of top economic forecasters expects the Reserve Bank to cut interest rates two to three times over the next 18 months, with the first cut likely in March.
Photo shows A yellow sale sign advertising a newly built house is on the market.Will the cost of living ever go down? Food prices are on the rise despite multiple supermarket inquiries
Food, mortgages and power bills — with the cost of living dominating, will this week’s supermarket inquiry make a difference?
Photo shows A composite image of a bright red and white sign that says 'coles' and a white sign that says 'woolworths' with a green icon.