Blogotariat

The Australian Bureau of Statistics (ABS) last week released the annual national accounts for the 2024-25 financial year, which are summarised below. While the aggregate Australian economy grew by 1.4% for the second consecutive year, per capita GDP continued to shrink. Real per capita GDP declined by 0.3% in 2024-25, which follows the 1.0% contraction

The post Another shocking year for the Australian economy appeared first on MacroBusiness.

When the new electoral map was published in 1984, it kicked off a game of musical chairs, but with a difference – this time there were more seats than players. Some of these seats were more attractive than others, but it wasn’t simply a matter of every sitting MP moving to the safest possible seat.

In the world of modern Australian politics, the once great debate of ideas between the likes of Chifley and Menzies is but a memory, replaced by a battle of small-target opposition versus small-target government. In some ways, there is a good reason for this: it works at the ballot box. At the 2013 election, then

The post Albo is immune to the LNP appeared first on MacroBusiness.

Wall Street rallied again overnight on the prospect of a potential US-China trade deal while also supported by the Fed punch bowl where everyone expects one rate cut this week. The USD pulled back against some of the majors, stabilising against the burgeoning Canadian Loonie while Euro drifted higher, as the Australian dollar stood out

The post Macro Morning appeared first on MacroBusiness.

DXY is still refusing to fall. AUD doesn’t mind as a US/China trade deal ignites all the things. CNY to the moon! Woe is gold. Oil not shooting the lights out. AI metals to the moon. AI RIO to the moon. EM to the moon. Junk gives the green light. Yields soft. Fed to cut

The post Australian dollar misses moon rocket appeared first on MacroBusiness.

US President Donald Trump said on Saturday that he would only meet his Russian counterpart Vladimir Putin once the terms of a potential deal were clear. Moscow agrees that such a meeting must be carefully prepared, but the two sides mean very different things.

Fyodor Lukyanov: The road to peace runs through the ruins of Atlanticism

Without addressing NATO’s legacy, no deal on Ukraine will hold

Abul Rizvi’s forecast that Australia’s net overseas migration (NOM) will track around 300,000 under current immigration policies, 15% higher than the Treasury’s forecast, confirms that the rental crisis will persist. It is important to put Rizvi’s 300,000 NOM forecast into a historical perspective. In the first 60 years following World War II, Australia’s NOM averaged

The post The rental crisis will never end appeared first on MacroBusiness.

South Australia counts the cost of its cancelled green hydrogen power plant and its now disbanded hydrogen office.

Everything is awesome on an alleged deal between the Trump and Xi regimes over trade, but the lack of solid news isn’t holding markets back with Asian shares all green while futures for Wall Street are looking sky high. Friday night’s US CPI print is keeping the USD somewhat down against the majors as expectation

The post Macro Afternoon appeared first on MacroBusiness.

German-founded energy storage specialist announces launch of Australian subsidiary, with plans to spin two existing big battery projects into a gigawatt-scale pipeline.

On 17 October, US President Donald Trump told Fox News, “I hope to see Saudi Arabia go in, and I hope to see others go in. I think when Saudi Arabia goes in, everybody goes in.” The statement was calculated to reignite Washington's normalization push and reassert Riyadh's place at the heart of the US-Israeli regional alliance plan.

Preliminary data from Cotality shows that Sydney’s residential auction clearance rate fell to 68.2% in the week to Saturday, which was the lowest since the week ending 8 June and was the first time the preliminary clearance rate has been below the 70% mark in 21 weeks. A total of 959 auctions were held in

The post Aussie house price growth hits two-year high appeared first on MacroBusiness.