With annualized GDP growth at just over 1%, the economy is close to stall speed Australia’s re-elected coalition government needs to take urgent steps to lift the economy, or risk extending the downturn
The greatest risk to the economic outlook now is the potential for the newly-elected coalition government to rest on its laurels Reserve Bank of Australia Governor Philip Lowe has delivered what he had
Australia’s economy is growing at its slowest pace in almost a decade as consumers cut back spending, raising concerns over how long the country can sustain its record run of almost 28 years without recession.
MELBOURNE, Australia – Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1.25% in the first rate change in almost three years. The Tuesday