The latest ABS survey shows how inflationary concerns are becoming more widespread across the Australian business community
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
Labour shortages push hours worked up; under-employment is down; worker illness shows new ‘COVID-normal’ for businesses
Volatile times with retail spending up, housing approvals down and a strong trade surplus.
Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement
Despite a difficult start to 2022, with flooding and ongoing Omicron impacts, underlying momentum in the economy remains strong
Sarah Hunter, KPMG Senior Economist, responds to ABS monthly wage 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.
The speech reiterated the Australian economy well outperformed expectations across a range of indicators
Dr Brendan Rynne, KPMG Chief Economist comments on MYEFO
A positive sign is in compensation to employees – incomes are up, now nearly to 5 percent for the year.
Migration has always been the lifeblood of Australia’s economic prosperity, and the door has been shut for nearly two years.
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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