Oligopolies and a lack of foreign investment are driving up the cost of living, yet governments on both sides of the aisle are turning a blind eye.

(Bloomberg) -- Whoever wins Saturday’s Australian federal election will face an inescapable reality: The three pillars of the nation’s 30-year outperformance that gave rise to its “miracle economy” moniker are breaking down. Rapid immigration, a ...

SYDNEY (Reuters) -Australia's economy barely grew in the first quarter as consumers stayed stubbornly frugal and government spending, the engine of activity last year, sputtered to a standstill, underlining the need for more policy stimulus. The Reserve ...

As the U.S. election enters its nail-biting final days, anxiety-riven commentary in Australia is grappling with the potential implications of the outcome. The selection of Donald Trump or Kamala Harris is already a unique choice, but the ripple effects for ...

Australia, once renowned for its long run of strong economic growth and high living standards, now faces declining household incomes, growing public debt, stagnant productivity and political tensions around immigration. Heading into an election in 2025 ...

The move takes the Reserve Bank of Australia's policy rate to its lowest level since May 2023. Australia's inflation has been on a downtrend. However, analysts, ahead of the RBA meeting, have highlighted downside risks for the Australian economy.

Why Bhumjaithai’s Grip on Power Is More Fragile Than It Looks The Australian economy has had a tough few years, but there are some reasons to be positive, and other reasons to be not so positive. As 2024 draws to a close, a turbulent, torrid year in the ...

SYDNEY (Reuters) -Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth. The Reserve Bank ...

Government agency Jobs and Skills Australia (JSA) reported Thursday that entrenched gender segregation in Australia’s labor market is holding back productivity and worsening long-term income inequality, particularly for First Nations and migrant women.

Australia has not escaped the threat of increased tariffs on its exports to the U.S., but it does have one world-class industry which is reveling in commodity market confusion, gold. Rising production coupled with a rising price has reinvigorated ...