Business & Economy

Sarah Hunter, KPMG Senior Economist, responds to Budget speech

Tonight’s Budget confirmed the budget-positive impact of a stronger economic recovery.

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Underlying momentum in the economy remains strong: Australia Economic Outlook: Q1 2022

Despite a difficult start to 2022, with flooding and ongoing Omicron impacts, underlying momentum in the economy remains strong

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Super-low unemployment rate puts more focus on RBA

A forecast of a further six 25bp rises over the rest of the year will add to the pressure facing the RBA Board to raise Australia’s cash rate sooner rather than later.

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Mid-market businesses showing their customary resilience and optimism in pre-budget survey

It is encouraging to find Australia’s mid-market businesses, the heartbeat of the national economy, are feeling relatively upbeat about the future, after emerging from two largely interrupted years.

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Consumer spending drives GDP rise

Sarah Hunter, KPMG Senior Economist, responds to December quarter national accounts

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No cash rate move likely till Q3. Dr Brendan Rynne, KPMG Chief Economist, responds to RBA announcement

KPMG anticipates adjusting the cash rate upwards is unlikely to be in play until Q3, probably the August 2022 meeting at the earliest.

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Current account surplus falls back as Australia’s trade balance weakens

Sarah Hunter, KPMG Senior Economist, comments on ABS balance of payments data

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Surprisingly strong retail spending defies Omicron. Sarah Hunter, Senior Economist, responds to ABS retail figures for January

Retail turnover was surprisingly strong in January, with spending rising 1.8 percent month on month despite the spread of Omicron through most states.

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Wage momentum picking up, but not enough for RBA

Sarah Hunter, KPMG Senior Economist, responds to ABS monthly wage data

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‘Very strong’ result for unemployment rate figures. Dr Brendan Rynne, KPMG Chief Economist responds to ABS monthly labour data

Despite Omicron surging through the community during the summer holiday period Australia’s unemployment rate was maintained at a near-record low of 4.2 percent.

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Remuneration and the E in ESG – does Australia need to play catch-up?

With the spotlight firmly placed on the big “E” in ESG it comes as no surprise that the link between executive pay and climate-related considerations is front-of-mind

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Dr Brendan Rynne, KPMG Chief Economist comments on today’s speech by Governor Lowe to the National Press Club on the “The Year Ahead”

The speech reiterated the Australian economy well outperformed expectations across a range of indicators

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Dr Brendan Rynne, KPMG Chief Economist comments on today’s RBA Board Meeting

QE program to end and strong words by the Governor about keeping interest rates unchanged until inflation is sustainably in its target range, but KPMG still consider the start of tightening cycle is likely to commence towards the end of 2022.

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