There has never been an easier time to find a job in Australia in the past 50 years than right now, but that might not stop the Morrison government from being booted out of office when voters head to the polls on Saturday.
Deloitte Access Economics partner Chris Richardson says the economic situation has “become more complicated during the election”. He adds: “There is a tricky external and internal economic environment that has to be walked.”Inflation is among the most pressing issues in Australia and overseas. Globally, prices are high and rising and central banks are belatedly increasing interest rates to counter price pressures.
Local builders, who locked in fixed-price home contracts, are facing surging costs for imported materials such as timber and steel, putting companies such asThe sector is also one of the most exposed to the prospect of interest-rate-driven house price falls, and the Reserve Bank of Australia is expected to implement a string of interest rate rises in the foreseeable future.
Headline inflation of 5.1 per cent is tipped by the RBA to hit 5.9 per cent late this year. The central bank’s preferred underlying inflation measure – which strips out major price movements such as for fuel and food – is expected to remain above its 2-3 per cent target band until mid-2024. Most market economists forecast a slightly lower rise in the cash rate – to just less than 2 per cent by December. The RBA needs to lift interest rates off their emergency lows to help cool inflation, while simultaneously hoping that wages will rise without causing inflationary problems.
Awaiting you is a Media Royal Commission.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia’s carbon challengeNotwithstanding the major party truce, the 2022 election has not fully confronted the daunting challenge and potential opportunities of decarbonising Australia’s fossil fuel economy.
Source: FinancialReview - 🏆 2. / 90 Read more »
Morning Briefing: More confusion inside Azovstal steel plant, legal action over blocked COVID-19-positive voters, and Zac Stubbelty sets 200m recordFrom a new US multi-billion-dollar military and economic package for Ukraine to new data on women's unemployment rates, here's what's making news in Australia and around the world today. Why is Dutton (same with Labor) involving Australia with Ukraine Nazis and bioweapon labs? Why is NATO lying about Ukraine? Cabal NWO extremely corrupt organisation. Zero credibility. Protecting Biden the criminal fraud. dismantleNATO PutTheMajorsLast here are my naked photos
Source: SBSNews - 🏆 3. / 89 Read more »
Morning Briefing: Martial Law in Ukraine, Finland and Sweden's NATO bid, and Voluntary Assisted Dying lawsFrom Australia's relationship with China to the investigation into the shooting death of journalist Shireen Abu Aqla, here's what's making news in Australia and around the world today. stale news Good old fashion news without political activism or bias embedded by tax payer funded journalists, nice work SBS ?
Source: SBSNews - 🏆 3. / 89 Read more »
Legal challenge over COVID-19 voting concerns stands until changes are in place, Monique Ryan saysIndependent candidate Monique Ryan says she will continue to pursue legal action over concerns some COVID-positive people could be prevented from voting in the election. SBS If we came into the 21st Century, we could have digital voting, and none of this would matter. Imagine voting on your PC or Mobile Phone.
Source: SBSNews - 🏆 3. / 89 Read more »
Why the Morrison government does not deserve another termThe Herald shares Australia’s despondency - particularly at the lack of policy ambition from both sides. BevanShields Why is Dutton (same with Labor) involving Australia with Ukraine Nazis and bioweapon labs? Why is NATO lying about Ukraine? Cabal NWO extremely corrupt organisation. Zero credibility. Protecting Biden the criminal fraud. dismantleNATO PutTheMajorsLast BevanShields Kinda hypocritical dontcha think? Is this you trying to backpedal the fact you've been a propaganda arm for the LNP for several years? 🙄 BevanShields Have you sacked BevanShields yet?
Source: smh - 🏆 6. / 80 Read more »
Why the Morrison government does not deserve another termThe Herald shares Australia’s despondency - particularly at the lack of policy ambition from both sides. Wow. No bias though. Really? Who would have thought this former newspaper and now a student pamphlet would say this? Yeah like most places, 2 lousy choices
Source: smh - 🏆 6. / 80 Read more »