Home
Search
thewest.com.au
BusinessChevron Right Icon

Economy

FINANCEReal impact of Trump on Aussie economy

US President-elect Donald Trump has proposed to introduce hefty tariffs when he enters office - and experts have weighed in on what it could mean for Australia.

Aisling Brennan

EconomyCommentsWhy major bank believes RBA is waiting too long to cut rates

One of the big four banks has warned that the RBA may be waiting too long to cut interest rates, joining a growing club of commentators expecting no move until May.

Matt Mckenzie

NEWS‘Worried’: Biggest threat to Coles, Woolies

The chief executive of a supermarket giant has admitted she is “worried” about a US company as more and more Aussies hunt for better prices.

Duncan Evans

updated
updated
Federal PoliticsComments
updated
‘We need it’: Chalmers hits back at nest egg controversy

Treasurer Jim Chalmers has hit back at accusations that a planned overhaul of the $230 billion Future Fund will compromise the body’s independence or force it to underwrite pet government projects.

Dan Jervis-Bardy and Nicola Smith

WORKPremiumRemote workers ‘less likely’ to be hired

As a generational divide over working from home continues, a major survey has revealed what businesses really think about workers who don’t want to work from the office.

Blair Jackson

PoliticsCommentsTreasurer insists he’s ‘modernising’ $230b Future Fund

Treasurer Jim Chalmers has defended changes to Australia’s $230 billion Future Fund, saying it’s his job to ‘improve it’.

David Johns, Poppy Johnston and Jacob Shteyman

FINANCEPremiumHuge cash boost for millions of Aussies

Millions of Aussies are likely thousands of dollars better off in 2024 – and they might not even know it, due to the surprising performance of a common asset.

Cameron Micallef

POLITICSPremiumHuge change to Aussie nest egg fund slammed

Jim Chalmers has defended the sweeping changes to help “modernise” Australia’s $230bn sovereign wealth fund to prioritise issues like housing and renewable energy.

Joseph Olbrycht-Palmer

EconomyElection cash splash would slow rate cuts

A fresh survey of economists has revealed most are still tipping an interest rate cut by March — but one investment bank has warned a big spending election would delay relief for many months.

Matt Mckenzie

MarketsPremiumASX closes down after record day

The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.

Cameron Micallef

BusinessThe mind-boggling record monthly sum paid to Aussie workers

Australians were paid a historic amount overall for the month of September, as wages growth and the number of hours people were working increased.

Cameron Micallef

NewsPremiumWorrying trend emerging in cybercrime

A new report has revealed a worrying increase in cybercriminal attacks on wealthy private schools, using sinister techniques to hack sensitive data.

Alexandra Feiam

newsPremiumWarning on Aus economy amid China crash

Treasurer Jim Chalmers has warned forecasted revenue “will be much smaller” due to China’s crashing property sector and its impact on iron ore prices.

Jessica Wang

updated
updated
EconomyCommentsPremium
updated
Why WA’s economy is growing slower than other states

WA’s economy grew at the slowest pace of any State or Territory in the year to June, but there’s still plenty of reasons to be optimistic.

Matt Mckenzie

updated
updated
Federal PoliticsComments
updated
Budget surplus days over as iron ore, jobs bite

Tumbling iron ore prices and a softening labour market has hit Federal coffers, leaving Treasurer Jim Chalmers with a ‘sliver’ of the revenue windfalls that have propped up his Budget bottom line.

Dan Jervis-Bardy and Katina Curtis

EconomyPremiumForecast for highest level of business failures since COVID

Aussie businesses have been hit with a grim forecast for the year unless consumers change their spending habits.

Cameron Micallef

MoneyPremiumOverworked Aussies ‘ripped off’ $91bn

Australians have the legal right to put their work phone on ‘do not disturb’ during out of office hours, but bosses are ignoring these new laws.

Cameron Micallef

MarketsPremiumASX 200 closes in on record high

The ASX 200 is trading up 2.6 per cent for November during the traditionally strong trading period leading into the ‘Santa Claus’ rally in December.

Cameron Micallef

RBACommentsWhy RBA says Aussies won’t feel China’s stimulus like before

Huge stimulus launched by the Chinese Government may only have a “modest” impact on Aussies this time around, the Reserve Bank says.

Matt Mckenzie

newsPremiumRBA refuses to rule out more rate hikes

The Reserve Bank of Australia (RBA) is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.

Cameron Micallef

RBACommentsRBA minutes reveal why there’s no rate cut on the cards

Minutes from the most recent interest rate meeting of the Reserve Bank have revealed the three key triggers the board will be watching to bring about long-awaited rate relief.

Jackson Hewett

Personal FinancePremium200,000 Aussies eligible for $1100 payment

More than 200,000 homeowners are eligible for cost of living concessions, are you one of them?

Cameron Micallef

newsPremiumRates tipped to stay higher despite Aussies cutting back

Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.

Cameron Micallef

StartupsCommentsPremiumMore funding, education needed to unlock WA startups

Strengthening WA’s entrepreneurial ecosystem could see 350 new startups and create as many as 3500 highly skilled jobs, Bankwest Curtin Economics Centre has claimed in a new report.

Cheyanne Enciso