Australia Economy

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  Economy In Focus As New Australia PM Turns To Domestic Issues After Quad Trip

  New prime minister Anthony Albanese said on Thursday Australia faces significant economic headwinds, turning his attention to domestic affairs after a first few days in office dominated by international security.

• A Wake-Up Call for the Perfect Economy?

  Australia’s central bank never bought the hype, and may be about to acknowledge brewing trouble by cutting rates.  

• The Brash Billionaire Who Wants to Make Australia Great Again

  Clive Palmer, who made his fortune in mining, is running for the Senate on his right-of-center United Australia Party ticket.

• Australia’s Economy Is Slowing. Its Stock Market Isn’t

  Australia’s benchmark S&P/ASX 200 Index has rallied almost 10 percent in the first quarter, despite troubling economic signals.

• Look Beneath Australia's Election Budget for Economic Weak Spots

  Prime Minister Morrison’s government is expected to dish out about $6.4 billion in tax cuts, cash handouts to win back voters.

• Sydney Apartments Pose Financial Stability Risks, RBA Says

  Sydney added more than 80,000 apartments in the past few years, increasing the city’s housing stock by about 5 percent.

• Why Can’t Australia Just Be Normal?

  Australia’s economy needs to be freed from folklore that’s built up around the 27-year stretch sans recession.

• Australia’s Economy Faces ‘Serious Consequences’ If Bank Probe Hits Credit, Morrison Says

  With an election expected in May, the probe report will take on massive political significance.

• Australia Growth to Be Hit by Housing ‘Perfect Storm,’ AMP Says

  Australia’s tumbling property prices could shave up to 1.2 percentage points from economic growth in 2019, AMP said.

• One Part of Australia’s Economy Is Booming: Illegal Drugs

  Researchers calculated that the stock of actual notes used in drug purchases, was a little over A$1 billion.

• A Decade of Mediocrity Is Making Australia's Economy Look Like Japan’s

  Australia has become a victim of its own success.

• Fed's Inflation, Aussie Stimulus, Trump Girds for China: Eco Day

  Australia’s currency is delivering the interest-rate cut for the economy that the central bank has proven unwilling to provide.

• Economy Can’t Explain Australia’s Chaotic Politics

  Experts said Trump voters and Brexiters wanted change because their prospects seemed dim.

• Australia’s Long Economic Run Is Flagging

  The golden age of Australian economic growth may have passed.

• Australia's Economy Accelerates Faster Than Expected on Exports

  Australia’s economy expanded faster than forecast in the first quarter as exports rebounded.