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Who would want to be a traditional brick-and-mortar retailer in Australia? Not only are they dealing with intense competition from online behemoths like Amazon, Temu, and Shein, but they are still facing sagging sales growth. The latest retail trade data from the Australian Bureau of Statistics (ABS) highlights the point, with retail sales volumes rising

The post Aussie retailers remain locked in recession appeared first on MacroBusiness.

Summary To improve productivity Australia needs to shift taxes off work and enterprise and onto the economic rents from land, natural resources, and monopolies. This principle should be at the heart of any economic reform agenda. Income tax should be rebalanced to favour productive effort over unearned gains, beginning by scrapping CGT concessions. States should […]

The post Economic Reform Roundtable submission first appeared on Prosper Australia.

The Senate has launched an inquiry into the dark money funding anti-renewables astroturfing groups, and deliberately misleading anti-climate campaigns.

The Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that real per capita GDP decreased by 0.2% over the quarter. This was the ninth fall in per capita GDP in eleven quarters. The chart below compares the present decrease in real per capita GDP to previous episodes stretching back to the

The post Australian economy stuck in the “no growth” zone appeared first on MacroBusiness.

Asian share markets are generally weaker across the board as risk markets try to absorb the impact of the latest trade “deal” from the Trump regime while also anticipating some pretty big macro and economic releases in the coming session.  Wall Street is the only light of hope for the bubble boys although we have

The post Macro Afternoon appeared first on MacroBusiness.

Construction has begun on a 30 turbine expansion to a wind farm north of Perth that will make it the biggest in the state with one of the world's most isolated grids.

Head of new state owned green bank says immediate priority is ensuring 22,000 MWh of storage reaches financial close within the next few years.

While Fortescue charges towards real zero, the slowdown by other big iron ore miners is being blamed by BP for its decision to quit giant renewables project.

ABS Labour mobility was out yesterday and shows the Great Resignation is well and truly over, if it ever was. the job mobility rate decreased to 7.7% younger workers were more mobile than older workers, with 12% of people aged 15 to 24 years changing jobs 2.2 million people left or lost a job The annual

The post The Great Resignation is over, if it ever was appeared first on MacroBusiness.

The Reserve Bank of Australia (RBA) said that it was awaiting two vital pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print. The June labour force figures printed weaker than expected, with the headline unemployment rate rising to 4.31%—above the RBA’s latest projection. Full-time jobs contracted sharply,

The post Benign inflation greenlights RBA rate cut appeared first on MacroBusiness.

Ferrous is up and down again. At these prices, Indian ore will flow. Any push higher and they will gush. Meanwhile, Chinese property is still stuffed. Goldman. Sales are no bueno. Inventory improvement stalling. Completions are a bit better. The Politburo is in the next few days, so look out for more yawnulus.

The post Chinese property bust continues appeared first on MacroBusiness.

The Australian’s Judith Sloan has challenged Treasurer Jim Chalmers’ claim that the federal government has “made a lot of progress together in our first term making our economy more productive, dynamic, and resilient”. Sloan noted that labour productivity is at 2016 levels and business investment’s share of the economy is similar to that of the

The post Jim Chalmers puts lipstick on productivity pig appeared first on MacroBusiness.

The federal government was advised by eSafety Commissioner Julie Inman-Grant to scrap YouTube’s exemption from laws banning people under the age of 16 from using social media, which are scheduled to take effect in December. Prime Minister Anthony Albanese appeared with David Spears on ABC Insiders over the weekend, where Albanese claimed that the eSafety

The post This is Australia, not 1984 appeared first on MacroBusiness.