Blogotariat

Outfits like the Grattan Institute argue that Australia needs to maintain a high immigration policy to maximise productivity growth. Their analysis consistently overlooks the empirical evidence showing that Australia’s productivity growth declined as immigration surged. Australia has experienced the strongest population growth in the advanced world this century, yet its productivity performance has been abysmal.

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 press office of the Russian Foreign Intelligence Service (SVR) has published an article suggesting that Russia and Washington should fight "Eurofascism" together, identifying France and Britain as its main ideologues. This is quite a contrast to the statements the service made a year ago. Vot Tak analyzed this and other publications of the Russian Foreign Intelligence Service and traced how its rhetoric has changed since Donald Trump came to power in the United States.

  Wall Street failed to make new highs overnight as risk markets await the looming Fed meeting and Friday’s jobs numbers amid absorbing the latest trade “frameworks of deals that likely won’t be respected” as peripheral nations still wait the 20-25% proposed tariff slog by the Trump regime, including Australia. The USD remains highs against

The post Macro Morning 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.

The approach is not doctrinal, but is about speaking frankly to both Washington and Beijing.

Here is a foreign minister speaking about Australia’s China debate: “We Australians tend to have a habit, a cast of mind, which seeks for simplicity, and is uneasy with complexity, in foreign policy. We tend to see issues in terms of simple dichotomies – black or white, either-or, all or nothing.

Australia’s economy ranked 102nd out of 145 countries on the latest Harvard Atlas of Economic Complexity, which measures the diversity and knowledge intensity of a country’s export mix. Australia ranked behind Bangladesh (100) and Senegal (101). The ranking suggests that Australia has become one of the least self-sufficient and sophisticated economies in the world. ABC

The post How Australia’s economy turned African appeared first on MacroBusiness.

New Australian-developed thermal energy storage technology is competitive with traditional fossil fuel technologies at an industrial scale, according to a new study.

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 as earnings continue

The post Macro Afternoon appeared first on MacroBusiness.

New Zealand has experienced a sharp increase in its unemployment rate, which has risen from 3.4% in Q1 2023 to 5.1% as of Q1 2025. New Zealand’s youth unemployment rate has also risen from 10.7% in Q1 2023 to 12.9% as of Q1 2025. However, youth unemployment did decline by 0.5% between Q4 2024 and

The post Reserve Bank fights youth unemployment crisis appeared first on MacroBusiness.