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%
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
The news of the week that Deloitte had somehow managed to get AI to invent references in a report, for which they harvested 400 thousand dollars, should be a warning for all of us. What it means—Field Exercise So, for this weekend, the Macrobusiness cognoscenti has a field exercise that everyone is to complete. For
Well, that escalated quickly. DXY fell. But AUD crashed. Gold held, oil was murdered. AI metals were deleted. The big bear is back. EM ouch. Led by junk is bearish. Despite a weak DXY , the full bond curve was bid. This will be critical as tariffs return. The stock bubble just burst. It’s not
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
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Vids .…..they should be banned from government contracts for a year…..
The post Macro Afternoon: 10 October 2025 appeared first on MacroBusiness.
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
Why is everything to do with energy in Australia so stupid? Labor is awarding contracts under its flagship renewable energy scheme to developments years away from board approval, let alone construction, raising fears that projects in line for taxpayer support may never be built. One major Victorian wind farm proposed by AGL Energy, which will
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
Charlie McElligott at Nomura nicely illustrates that air needs to come out of the bubble before it can inflate further. With the current stage set above, Nomura strategist Charlie McElligott notes that this trailing multi-month “Vol Crush” – certainly within Equities space – has been a function of bunches of things: 1. Prolific Equities “Vol Supply” (Structured Notes