Economics

Dr Brendan Rynne, KPMG Chief Economist responds to MYEFO statement

We believe the real question marks surrounding MYEFO relate to the expenditure side of the government accounts.

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Unleashing our potential: the case for further investment in the child care subsidy

Enduring norms regarding gender and work have proven harmful to the economic welfare of women, and our society as a whole. These norms limit our economic potential and compromise our sense of fairness .

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ACT tops nation’s rankings for economic and social resilience

Major drought conditions afflicting most parts of Eastern Australia and flooding in Queensland; and the substantial closure of the car manufacturing industry in South Australia and Victoria. How resilient are our states in facing up to such events?

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Economic prospects brighten, while world interest rates tumble

We forecast domestic annual GDP growth will rise to 1.9 percent in the second half of 2019 after bottoming out at 1.4 percent growth for the year ended 30 June 201

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Brendan Rynne, KPMG Chief Economist, comments on latest RBA rate cut.

By cutting rates, the RBA is sending a signal to the market, to politicians and to the community at large, that the Australian economy is not firing on all cylinders

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RBA holds interest rates and its in our best interest

So, the Reserve Bank of Australia resisted growing calls to cut interest rates yesterday. They were right to do so.

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Latest Trump tariff announcement turns trade war scenarios into worrying reality

Yesterday saw the long-awaited announcement by the US government of a Ce further $200bn of tariffs on imported goods from China. This instantly quadrupled the amount of tariffs previously implemented.  

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Put simply, there are no winners in trade wars

Last Friday, Australian time, the US placed another US$16bn worth of tariffs on imported goods from China. The real possibility of tariffs on a further US$200bn of Chinese imported goods into the US remains a far more significant risk to global economic conditions.

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Wage growth remains weak, with unemployment trending down

Data released by the Australian Bureau of Statistics (ABS) reveals wage growth is still persistently weak, while unemployment is trending down in most jurisdictions.

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Mental health reform is a social and economic investment for the future of Australia

Australia is in the midst of a productivity growth malaise, but an often unspoken outlier, improving mental health, could be the microeconomic reform of the 21st century.

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KPMG Economics report shows tariff retaliation would damage global growth

Governments and businesses around the world have expressed alarm at the possibility of a trade war developing from the planned US tariffs on steel and aluminium.

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Trump tax cuts pose serious questions for Australian economy

KPMG Economics’ global macroeconomic modelling suggests Australian GDP will be permanently reduced by 0.3 percent in the medium term as a direct consequence of the U.S. tax reforms. This equates to A$5bn and 25,000 jobs lost.

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Australia’s cost competitiveness is fixable but needs a strong reform agenda

What Australia produces, and how much we produce it for, are both factors in how successful we will be as a country in the global marketplace.

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