Tag #Australian Economy

Showing 25 to 36 of 82 results

smh.com.au
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Australian Households Face Rising Bills Across Multiple Sectors

Starting July 1st, Australian households face increased costs for energy (up to 9.1 percent in NSW), internet (up to $5 monthly for some Telstra plans), and phone services (up to $4 monthly for some Vodafone plans). These increases are due to rising operational costs for businesses, and increased wh...

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24% Bias Score

No Poverty
smh.com.au
🌐 85% Global Worthiness
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Albanese Announces Economic Summit to Boost Australia's Stagnant Economy

Australian Prime Minister Anthony Albanese announced an August economic summit to address stagnant economic growth and productivity, bringing together union and business leaders to chart a path to reform, spurred by his recent election win and calls for broader policy changes.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australia's Economic Growth Slows to 0.2 Percent in March Quarter

Australia's March quarter GDP growth slowed to 0.2 percent, driven by reduced government spending and stronger private investment, with household savings rising to 5.2 percent.

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48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Perth to gain 192,000 jobs in five years, driven by AUKUS and energy transition

A KPMG report projects 192,000 new jobs in Perth over five years due to AUKUS, critical minerals demand, and energy transition, exceeding other Australian cities' growth, while also noting a recovery but insufficient growth in housing.

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40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Australia's Full Employment: A Key Factor in Labor's Election Victory

Australia reached near-full employment (3.5% unemployment) in August 2022, its lowest in almost 50 years, due to government stimulus during COVID-19 lockdowns, a strategy that helped Labor win the recent election despite the cost-of-living crisis, in contrast to typical recessionary responses to inf...

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Financial Hardship for Young Australians Amidst Rising Costs

Rising living costs, stagnant wages, and unrealistic lifestyle expectations presented on social media are creating significant financial hardship for younger Australians compared to the baby boomer generation; however, potential rate cuts may offer some relief.

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44% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Home Prices Hit $1 Million Amid Affordability Crisis

The average Australian home price reached $1,002,500 in the March 2025 quarter, a 5.9% annual growth despite the Albanese government's efforts to combat the housing affordability crisis, while the National Housing Accord is projected to fall short by 262,000 homes.

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40% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Redfern Revitalization: $59 Million Mixed-Use Project Announced

The Neilson family is spearheading a $59 million Redfern revitalization project, transforming a commercial strip into a mixed-use site with 23 apartments; this coincides with other Sydney developments including the sale of the historic Town Hall Hotel in Balmain and the redevelopment of the City Tat...

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48% Bias Score

Sustainable Cities and Communities
smh.com.au
🌐 85% Global Worthiness
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Virgin Australia Returns to ASX, Raising $685 Million

Virgin Australia, acquired by Bain Capital in 2020, is re-listing on the ASX at $2.90 per share, raising $685 million, with Bain Capital retaining a 40% stake and Qatar Airways holding 23.4%, marking a significant comeback for the airline following its 2020 administration.

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36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Record Australian Business Insolvencies Amidst Rate Cuts

Australian businesses face record insolvency levels, with 1250 companies failing monthly, impacting hospitality most severely (10% closure rate). Recent interest rate cuts aim to counteract rising costs and weak consumer spending.

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32% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Victoria's \$194 Billion Debt Projection by 2028-29

Victoria's 2025-26 budget reveals a \$194 billion debt projection by 2028-29, driven by infrastructure spending and COVID costs; interest payments will consume nine cents of every government revenue dollar by then, despite projected operating surpluses.

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40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Australia's Labor Victory paves way for economic reform

Australia's Labor party secured a resounding electoral victory, enabling the government to focus on boosting productivity and implementing structural reforms to achieve a greener and more dynamic economy, despite ongoing budgetary pressures and global economic uncertainty.

Progress

56% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 82 results