Blogotariat

Today’s Q1 national accounts from the Australian Bureau of Statistics (ABS) revealed that Australians lurched back into recession, with per capita GDP growth declining by 0.2% over the quarter: Per capita GDP has declined in nine of the last 11 quarters, down a total of 1.7% over that period. The overall economy also grew by

The post Australians slide back into recession appeared first on MacroBusiness.

NSW Opposition Leader Mark Speakman has accused Premier Chris Minns of blaming federal tobacco taxes for the fact that the illegal tobacco trade in the state is “out of control”. Minns has suggested that cutting tobacco taxes would lead to a reduction in black market tobacco activity, leaving NSW Police with more resources to combat

The post Less is more with tobacco taxes appeared first on MacroBusiness.

The main battery supplier to the biggest ever unit connected to Australia's grid has blamed Trump's tariffs and attacks on green energy may cause its collapse.

Electrification and improved energy efficiency save households money, reduce government spending on healthcare, and make communities more resilient.

Financial markets believe that the Reserve Bank of Australia (RBA) will deliver another three 25 bp cuts to the official cash rate (OCR) in 2025, taking the OCR to 3.10% by year end. However, the market ascribed roughly a 70% probability of the RBA cutting the OCR at its next meeting in July. Belinda Allen,

The post RBA readies July rate cut appeared first on MacroBusiness.

Tonight I will be appearing on DFA Live with Martin North from 8.00pm AEST, where we will discuss everything to do with the housing market and economy. The YouTube feed is below. I hope to see you there.

The post Join me tonight on DFA Live with Martin North appeared first on MacroBusiness.

If Australia is serious about reducing emissions and tracking towards net zero by 2050, we need to tackle a series of inconvenient truths about fossil fuels.

South Australia enjoying "unprecedented" inquiries from industries looking to connect to world's most advance renewables grid - but bad planning holding it back.

Via ANZ. ANZ-Indeed Australian Job Ads fell 1.2% m/m in May, following a downwardly revised 0.3%m/m decline in April. In trend terms, the series was down 0.6% m/m. ANZ-Indeed Australian Job Ads is now at its lowest level since March 2021, but has remained in a tight range of 114 to 117 (rounded to the

The post Job ads still fading appeared first on MacroBusiness.

NSW Premier Chris Minns aims to alleviate Sydney’s housing crisis by expediting the supply of shoebox apartments. Minns last week accused previous governments of being “timid” due to “the NIMBY [Not In My Backyard] backlash” but argued that the conversation had changed to “opening the gates to more urban consolidation and development”. “I think Sydneysiders

The post Minns gaslights Sydneysiders on housing crisis appeared first on MacroBusiness.

The official Q1 CPI inflation print from the Australian Bureau of Statistics (ABS) showed that the policy-important trimmed mean inflation rate declined to 2.9% year-on-year, within the Reserve Bank of Australia’s (RBA) inflation target of 2% to 3%. RBA Governor Michele Bullock’s media appearance following last month’s 0.25% rate cut suggested that she was less

The post Australia’s inflation continues to fall appeared first on MacroBusiness.

Shifting just 20% of Australia's iron ore exports to green steel products could potentially increase annual export revenues by tens of billions of dollars.

New data suggests Victorian households could be weaned off gas heaters in less than 10 years, freeing up more gas than used by by