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

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

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.