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GDP slowdown will trigger job losses and RBA rate cuts that won’t be passed on, analysts warn

GDP slowdown will trigger job losses and RBA rate cuts that won’t be passed on, analysts warn

by Shared by ABC Online. | Mar 8, 2019 | News

Mr Evans, who in 2011 correctly predicted the RBA’s deep rate-cutting cycle, believes two further rate cuts are likely in August and November this year, taking the official cash rate to a new record low of 1 per cent.Read more at the ABC.
Labor calls on ATO boss Chris Jordan to explain if whistleblower processes are up to standard

Labor calls on ATO boss Chris Jordan to explain if whistleblower processes are up to standard

by Shared by ABC Online. | Mar 7, 2019 | News

Shadow Assistant Treasurer Andrew Leigh told ABC News he would be meeting with tax commissioner Chris Jordan on Friday at Assistant Treasurer Stuart Robert’s office, following a letter to them and Treasurer Josh Frydenberg regarding a recent ATO whistleblower...
Australia at risk of US-style inequality and dead end jobs, warns ACTU

Australia at risk of US-style inequality and dead end jobs, warns ACTU

by Shared by ABC Online. | Mar 6, 2019 | News

That is the ACTU’s take on inequality in Australia today — it is warning the policies of the Morrison Government could result in an American-style economy of dead end jobs, poverty pay levels and zero job security. Read more at the ABC.
Profits and wages rise but it depends on the industry, ABS reports

Profits and wages rise but it depends on the industry, ABS reports

by Shared by ABC Online. | Mar 5, 2019 | News

 The Bureau of Statistics December quarter data on profits and wages, which feeds into the economic growth figures to be released on Wednesday, showed both growing at 0.8 per cent, seasonally adjusted. Read more at the ABC.
Business investment rebounds in an otherwise cooling economy

Business investment rebounds in an otherwise cooling economy

by Shared by ABC Online. | Mar 1, 2019 | News

 Private sector capital investment, or capex, for the three months to the end of the year rose by 2 per cent, a solid rebound from a disappointing fall in the third quarter. Read more at the ABC.
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