bridgeconomics

[Shane Oliver @ShaneOliverAMP]

..Aust per capita GDP -0.2%qoq & is down 9 of the last 11 qtrs, ie living standards are still falling!
Underpinning this is weakness in productivity which is down 1%yoy
Household saving rose = consumers are saving the tax cuts
But at least domestic inflation is continuing to slow

[Shane Oliver @ShaneOliverAMP]

..RBA monetary policy is “somewhat less restrictive” but the cash rate is still above the avg of the RBAs estimates of neutral (~ 2.8% in this chart). With trimmed mean infl expected to be around target & policy still tight further cuts are likely. We expect the next cut in Aug.

[Shane Oliver @ShaneOliverAMP]

The RBA cut 0.25% to 3.85% citing underlying inflation being down and now forecast to remain around the mid point of target & uncertainty around tariffs. It’s still noting the tight labour mkt & poor productivity and remains cautious. But it looks open to more rate cuts…

[Tom Sherrington @teacherhead]

We're celebrating 5 years of @WALKTHRUs_5 with a giveaway. 50 books! 50 people selected randomly from people who fill in this form: https://t.co/H1cWJ3Ec1I
Closes May 2nd. Got to be in it to win it...
RTs appreciated. With thanks to @JohnCattEd

[bridgeconomics @bridgeconomics]

https://t.co/QxO8mbeWKd

[Ross Gittins @1RossGittins]

Budget bottom line: it will give the economy a push in the new financial year https://t.co/j5sB0URrJp #ausecon #ausbiz #auspol #Budget2025 #VCEco #HSCeco

[Shane Oliver @ShaneOliverAMP]

45% of jobs growth in Australia over the year to November came from mainly public sectors - education, health, public administration and social assistance - with the private sector the rest.

[Ross Gittins @1RossGittins]

Holiday tutorial: why the Aussie dollar goes up and down https://t.co/3sYHg50D5W #ausecon #ausbiz #auspol25 #VCEco #HSCeco

[bridgeconomics @bridgeconomics]

https://t.co/4ZxQKkxcYf

[Shane Oliver @ShaneOliverAMP]

Aust Sept qtr GDP just +0.3%qoq/0.8%yoy…lowest since early 90s recession (ex covid) with flat private demand and public demand demand contributing +0.6%pts. RBA and mkt was +0.5%qoq/1.1%yoy. Our forecast was +0.4%qoq.

Not good!

(ABS table)

[Callam Pickering @CallamPickering]

The Australian economy expanded by 0.3% in the September quarter - falling short of market expectations - to be 0.8% larger than a year ago.

Ignoring the pandemic, annual economic growth is at its lowest level since the early 1990s recession #ausbiz #auspol

[Callam Pickering @CallamPickering]

Australian economic growth was entirely driven by government spending in the September quarter. Very small subtraction from consumption and a much bigger subtraction from inventories #ausbiz #auspol

[bridgeconomics @bridgeconomics]

https://t.co/tWs4kIZWew

[bridgeconomics @bridgeconomics]

https://t.co/mzFKuTnuWg

[Jeremy Kuo @jeremykuoo]

In 2012, Adidas secured the title sponsorship of the Olympics for $150 million and thought they would overshadow Nike.

However, Nike used a brilliant strategy to outperform Adidas and dominate the Olympics.

Here’s the full story:

[9News Australia @9NewsAUS]

With customers cutting down on non-essential items, forecasts show that one in 11 hospitality businesses in Australia are set to close in the next 12 months.

The data comes amid a fall in the average value of business invoices, which credit reporting bureau CreditorWatch said had dropped 49.9 per cent in the year to June, 2024. #9News

READ MORE: https://t.co/uFLIMDnhFO

[bridgeconomics @bridgeconomics]

https://t.co/qtUXzLlkur

[Shane Wright @swrighteconomy]

The RBA's job is to hold inflation between 2-3% - something it's achieved just 10% of the time over the past decade. A coach with that winning ratio would have been sacked. But the bank has to continue on ... https://t.co/YKr17n9iap

[Bjorn Jarvis @Bjorn_Jarvis]

The unemployment rate rose by 0.1pt to 3.8% in March, in seasonally adjusted terms, according to today's @ABSStats Labour Force release.

This was underpinned by employment falling by around 7,000 people and the number of unemployed rising by 21,000 people.

[Amie Clark @AmieClark1]

Good case study for prelim business https://t.co/jokfzpJJvw