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The great retail recession

June 2, 2025 - 08:00 -- Admin

This week’s Q1 national accounts release from the Australian Bureau of Statistics is expected to reveal that per capita GDP declined, effectively pushing Australians back into recession after the reprieve in Q4 2024. The weak result will likely be driven by household consumption, which continues to disappoint despite the Stage 3 tax cuts and falling

Australia’s hidden high-rise housing crash

June 2, 2025 - 00:05 -- Admin

The Albanese government’s fantastical target to build 1.2 million homes over five years is centred on delivering a boom in high-rise towers. However, the April dwelling approvals data from the Australian Bureau of Statistics (ABS) showed that high-density approvals have collapsed. Overall dwelling approvals fell by 5.7% in April in seasonally adjusted terms, which followed

The economic week ahead

June 1, 2025 - 00:05 -- Admin

By Stephen Wu, senior economist at CBA. Headline inflation in April was unchanged at 2.4%/yr, with the annual trimmed mean measure nudging up to 2.8%. Retail trade data surprised on the downside, with warmer weather and price rises playing a role. The week ahead brings Q1 25 GDP, where we expect the annual rate to

Macro Afternoon

May 30, 2025 - 16:00 -- Admin

The TACO in Chief is again threatening more tariffs on the EU just 24 hours after a yeah-nah decision by US courts to remove then reinstate the global tariffs, which of course is translating into a lot of hesitation on risk markets. This comes just after clear signs that a US recession is underway while

Australia’s housing scandal exposed

May 30, 2025 - 14:00 -- Admin

This week, I was interviewed by Andrew Bolt from Sky News on the latest housing forecasts from the federal government’s advisory body, the National Housing Supply and Affordability Council (NHSAC). Edited transcript Andrew Bolt: The government’s National Housing Supply and Affordability Council (NHSAC) has put out its annual report, the State of the Housing System,

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