Tag: economy

Deloitte Access Economics Business Outlook: A fork in the road

With the Reserve Bank continuing to stare down less-than-perfect inflation numbers against a backdrop of weak growth, the handful of weeks from late July until early September 2024 represents a fork in...

Australian economy remains in ‘relatively good shape’, CBA

The Commonwealth Bank of Australia (CBA) believes the RBA’s efforts will slow the economy without pushing it into recession next year. “Looking ahead, 2024 will have more than its fair share of risks...

RBA cash rate pause at 4.35%

The Reserve Bank of Australia decided to leave the cash rate target unchanged at 4.35% in its final monetary decision before Christmas. Today’s cash rate pause provides some relief for consumer and business...

IGA contributes $8.2B to economy

IGA supermarkets contribute more than $8.2 billion into the Australian economy each year, according to Price Waterhouse Coopers (PwC) data. Boasting a network of over 1400 independent family-owned supermarkets, IGA and Foodland IGA...

Food and beverage among industries most at risk of default

Credit reporting bureau CreditorWatch has revealed the top three industries with the highest number of payment arrears in November. Construction takes the top spot with 12.6% of firms in arrears by 60-plus days....

Lockdown extension a $2b blow for Victorian retailers

The Victorian government has announced a seven-day extension to lockdown measures affecting metropolitan Melbourne. Restrictions will continue until 11.59pm, Thursday June 10. In response to today’s news, the Australian Retailers Association (ARA) has...

Aussie shoppers want to make a difference

2020 is triggering a national conscience, with the number of Australians willing to favour ‘good’ brands growing significantly. The Inaugural Cashrewards Shopping for Good survey shows that over half of Aussies surveyed are...

BP Australia ceases fuel production at Kwinana Refinery

The continued growth of large-scale, export-orientated refineries throughout Asia and the Middle East has structurally changed the Australian market. Head of Country at bp Australia, Frédéric Baudry says, “BP’s Kwinana Refinery has played...
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