Australian consumer price rises eased in the December quarter, with lower food prices and electricity subsidies contributing to a headline annual inflation rate of 2.4 per cent – the lowest rate since early 2021.
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Returning US President Donald Trump has wasted little time in nominating the primary targets of his economic and trade agenda.
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Sometime in the next four months, Australians will go to the polls to cast their verdict on the Labor Government’s first term.
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Australia is on course to deliver a marginally smaller budget deficit in 2024-25 than forecast in the May Budget, but with rising shortfalls in coming years.
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Australia’s economy has continued its pattern of weak economic growth, with gross domestic product (GDP) rising by a slender 0.3 per cent seasonally adjusted in the September quarter and by 0.8 per cent for the year.
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Headline annual inflation remained steady at 2.1 per cent in October, assisted by lower electricity and automotive fuel prices, according to the Australian Bureau of Statistics.
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Treasurer Jim Chalmers and Finance Minister Katy Gallagher have announced a major shake-up of Australia’s sovereign wealth fund, with a new investment mandate to focus on government-directed national priorities.
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Prime Minister Anthony Albanese has played down fears that Australian exports will suffer under the trade agenda of US President-elect Donald Trump.
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The United States remains easily the largest source for foreign investment in Australia, according to the Department of Treasury.
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In a famous electoral comeback, Donald Trump has re-taken the White House and will become the 47th President of the United States when he is inaugurated in January 2025.
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Annual inflation in Australia eased in the September quarter to a headline rate of 2.8 per cent, thanks to the effects of government electricity rebates and the lower cost of automotive fuel.
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Almost 10 years of Labor government in Queensland has come to an end, with the Liberal National Party winning a workable majority in the October 26 election.
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Labor is set to extend its 23-year reign in power in the Australian Capital Territory, with the government of Chief Minister Andrew Barr returned on Saturday.
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Prime Minister Anthony Albanese has moved to quell concerns about Australia’s future gas exports to Japan, before meeting with new Japanese PM Shigeru Ishiba during the ASEAN Summit in Laos.
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In a country like Australia, where voting is compulsory, it’s easy to overlook the factor of non-voter participation in larger democracies such as in the United States.
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Economic growth in Australia will pick up in 2025 but elevated inflation levels remain a major domestic risk, according to the International Monetary Fund (IMF).
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Australia has recorded a higher-than-forecast budget surplus for the 2023-24 financial year, with the Federal Government delivering the first back-to-back surpluses for 16 years.
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Leaders of Australia, the United States and the United Kingdom have marked the third anniversary of AUKUS by moving to extend Pillar II of the defence partnership to Canada, New Zealand and the Republic of Korea.
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Trade and Tourism Minister Don Farrell has hailed a turnaround in exports to China since the easing of tariff restrictions on selected Australian products.
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Australia has continued its pattern of sluggish economic growth, with the Gross Domestic Product (GDP) rising just 0.2 per cent, seasonally adjusted, over the June quarter.
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