Economy

Inflation concerns and questions over investment: comments on today’s ABS data on capex and business sentiment

The latest ABS survey shows how inflationary concerns are becoming more widespread across the Australian business community

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Spending figures shows economy running hot: the economic issues the new government faces

To ensure medium and long term sustainability of the public finances, the new government will have to tackle productivity reforms to lift the pace of growth

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Economy now has no spare capacity as unemployment rate hits landmark sub-4 percent

Labour shortages push hours worked up; under-employment is down; worker illness shows new ‘COVID-normal’ for businesses

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Retail spending, housing and trade: Dr Sarah Hunter and Dr Brendan Rynne respond to the latest figures

Volatile times with retail spending up, housing approvals down and a strong trade surplus.

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RBA presses go on the cash rate increase

Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement

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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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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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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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Economy to see upswing in 2022, but negative real wage growth and COVID-19 cast shadows

Dr Brendan Rynne, KPMG Chief Economist comments on MYEFO

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We have not completely dodged a bullet, but we have avoided a rout. Dr Brendan Rynne on September quarter GDP figures

A positive sign is in compensation to employees – incomes are up, now nearly to 5 percent for the year.

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KPMG’s response to the Prime Minister’s migration announcement

Migration has always been the lifeblood of Australia’s economic prosperity, and the door has been shut for nearly two years.

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Federal Government co-funds further business support for NSW and Victoria

With COVID-19 restrictions continuing in both New South Wales and Victoria the Federal Government is contributing to economic support programs in both states.

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