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Productivity collapse blows deep hole in federal budget

October 13, 2025 - 00:05 -- Admin

According to analysis from the Parliamentary Budget Office (PBO), the federal budget could face a $58 billion revenue decline if average productivity growth remains at 0.5% over the next four years. This forecast is deemed credible by economists amid criticism of Treasurer Jim Chalmers’ higher estimate of 1.2%. Australia’s productivity growth has averaged only 0.1%

The economic week ahead

October 12, 2025 - 14:48 -- Admin

By Harry Ottley, Economist at CBA It was an exceptionally quiet week in Australia with a drop in consumer sentiment the only data of note. RBA Governor Bullock appeared before the Senate Economics Legislation Committee but kept communication very much in line with recent statements. Offshore, the US government shutdown continued, delaying key economic releases

Weekend reading and MB media appearances

October 11, 2025 - 00:05 -- Admin

International Reading: ‘We are on the precipice of an incredibly contracting workforce,’ says jobs expert – CNBC White House announces radical new plan to allocate tariff revenue without Congress – MSNBC Bank of England Warns of Impending AI Disaster – Futurism Soybean farmer says $10B bailout is a ‘band-aid on an open wound’ – Yahoo

Albo’s Ministry of Truth rejected by cross bench

October 10, 2025 - 14:00 -- Admin

Recall that Australian Prime Minister Anthony Albanese delivered a speech late last month to the UK Labour Party conference, whereby he vowed to “defend democracy itself” alongside “my mate”, British Prime Minister Sir Keir Starmer. Albanese said he shared a “determination” with the UK leader and an “absolute resolve to stand together and defend democracy

Australia’s demographic sausage fest

October 10, 2025 - 13:00 -- Admin

Recently, many Canadian commentators have noted that there was a growing gender imbalance in their nation’s younger demographics, well beyond what could be considered normal. As the chart below, from Canadian Macro and Property Analyst Ben Rabidoux, illustrates, the number of additional men versus women in the 20- to 29-year-old age demographic has grown dramatically since

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