Australians live longer, are happier in their jobs and trust each other more than they did two decades ago. But more people are battling chronic disease, struggling to make ends meet and having bad experiences online. There’s also less trust in government and more concern for the nation’s safety than there was 20 years ago….
Australia Reports Lowest Quarterly Economic Growth Since September 2021
Australia’s economic growth is shrinking as interest rate hikes, high inflation, and unfavourable global conditions continue to take a toll on the economy. According to the latest national accounts, Australia’s GDP (gross domestic product) only grew by 0.2 percent in the March quarter, down from 0.6 percent in the previous three months and the lowest…
Australian Economy Contracted 1.9 Percent During Lockdown Period
December 2, 2021
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The Australian economy contracted by 1.9 percent in the September quarter (Q3), when state lockdowns against the Delta variant of COVID-19 occurred, but it was less than the 2.5 to 3 percent drop that economists were fearing. The Australian Bureau of Statistics (ABS) revealed in the latest National Accounts that despite the quarterly drop, Australia’s…
Australia’s Trade Surplus Reached Record High $20.5 Bn in June Quarter But Difficult Days Ahead
Australia recorded its highest account surplus over the June quarter on the back of iron ore exports while domestic economic activity also increased. The Australian Bureau of Statistics (ABS) released figures on Tuesday that said Australia’s current account surplus increased by $1.5 billion (U.S.$1.1 bn) to a record $20.5 billion (U.S.$15 bn) in the June…
Australia’s Account Surplus Reached Record High $20.5 Bn in June Quarter But Difficult Days Ahead
Australia recorded its highest account surplus over the June quarter on the back of iron ore exports while domestic economic activity also increased. The Australian Bureau of Statistics (ABS) released figures on Tuesday that said Australia’s current account surplus increased by $1.5 billion (U.S.$1.1 bn) to a record $20.5 billion (U.S.$15 bn) in the June…
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