Economy

The Victorian economy is growing strongly and providing jobs for workers with more than 130,000 Victorians joining the workforce over the past 12 months – the best performance in the country. The state’s 2022-23 Annual Financial Report published today reveals the resilience of the Victorian economy despite

Seven of the 13 selected industries reported falls in business turnover in July, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said the Electricity, gas, water and waste services industry reported the largest monthly

The Australian dollar (AUD) ranks fifth with a 25% increase in GDP between 2020 and 2023. However, the strength of the currency has decreased by 2.20% in the same time period. That’s according to new research from the experts at City Index, who have analysed countries with the highest GDP and local

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change. The Intergenerational Report, released

Inflation in most major economies is likely to fall faster than many expect, and interest rates will drop accordingly within the next 12 months, predicts the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The prediction from Nigel

Every day the higher price of seemingly everything is mentioned in the news or in conversations with friends and acquaintances. The impact is clear as we are required to pay more for most things from our weekly shop and power bills, to filling the car

New Zealand is leading recent growth in short-term visitor arrivals to Australia, according to data released today by the Australian Bureau of Statistics (ABS). Travel between Australia and New Zealand was a major contributor to the increase in short-term international trips in 2022-23. New Zealand