Sunshine State dark as mining boom costs GST billions
One state has gone backwards in the latest recommended GST revenue carve-up with billions of dollars flowing to another as its population booms.
The economy
Australia's economic outlook is looking rosier as inflation continues to fall and following the first decline in interest rates in more than four years.
Australia's bottom line will be $11 billion better off, if the government releases a budget before the election, a leading economist predicts.
Australia's wealth divide reached its worst level in more than two decades, after excluding a temporary narrowing during the COVID-19 pandemic.
The economy
Economy accelerates as exports grow
Stronger goods and services exports have pushed the Australian economy out of a hole, with GDP rising 0.6 per cent in the December quarter, above RBA forecasts.
The economy
Underlying inflation up but good news on housing, rents
Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.
Update
Small dent from US tariffs but inflation impact unclear
The Trump administration's tariffs will inflict less damage on Australia's economy than others but their impact on inflation is less clear, central bankers say.
Ongoing tightness in the labour market won't overly concern the Reserve Bank in its fight against inflation, says one economist after surprising jobs figures.
Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.
An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.
Floods in Australia's north are expected to cut economic output and nudge up banana and sugar prices, as the opposition weighs in on a forecast rate cut.
States' "lax financial discipline" has earned a rebuke from a credit ratings giant, which says they are at risk of paying higher interest bills to service debt.
Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.
Home values held firm in January as a shallow and short-lived housing downturn nears its end, with new supply coming too slowly to solve unaffordability.
The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.
More than 50,000 jobs were added to the economy in December, well above analyst expectations, keeping RBA concerns about a tight labour market alive.
A decline in spending on household goods in the wake of Black Friday sales has bolstered hopes of an RBA rate cut as soon as February.
Australian shoppers continue to lean on Black Friday sales for cheaper goods, with the discounting period now extending across all of November.
Australia's headline inflation rate has picked up but cooling on all-important underlying price measures could open the door to interest rate cuts.
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![Evie Hudson is a woman with amnesia, who forgets the last 13 years. Piecing her life back together, she navigates the harsh realities of coercive control.
Evie is the leading character in local author @emmagreyauthor's second novel Pictures of You.
Her debut book, The Last Love Note, sold more than 100,000 books worldwide within a few months of being published last year.
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