by Shared from Yahoo Finance | Oct 24, 2022 | News
Budget papers are set to show gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from the 2.5% forecast in April. GDP is also due to be downgraded to 3.25% from 3.5% for 2022-2023, according to draft figures from the Treasury. The drop-off is...
by By Greg Jericho, The Australia Institute | Oct 24, 2022 | News
In the fortnight to 9 September, non-union back agreements, covering 25,968 employees, had an average annual wage increase of just 2.4%. On average these agreements were set to last 4 years. Given the Reserve Bank expects inflation to grow well above 3% out to the end...
by Keeli Cambourne | Oct 23, 2022 | News
In ABC News on Sunday (23 October), Jim Chalmers said inflation will persist for longer than the government had anticipated and wages growth will cross over with inflation some time until at least 2024. With just one day before his first budget on Tuesday (25 October)...
by Keeli Cambourne | Oct 23, 2022 | News
The Regional Australia Institute’s Regional Australia Council members include some of Australia’s biggest employers such as Aurizon, Australia Post, Bendigo and Adelaide Bank, Commonwealth, Domain, Elders, Essential Energy, Expedia Group, KPMG, NAB, nbn co., Nutrien...
by Keeli Cambourne | Oct 23, 2022 | News
The latest LGAs to be damage-assessed are Albury, Berrigan, Carrathool, Cobar, Federation, Griffith, Hay, Leeton, Murray River, Murrumbidgee, Narrandera and Wagga Wagga. A total of 43 LGAs are now subject to natural disaster declarations for the severe storms and...
