September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period […]
Joe Hockey insists that Labor’s Resource Super Profits Tax has caused the AU$ to collapse despite Kevin Rudd instead blaming the Liberal Party’s negative talk for the fall.
Treasurer Wayne Swan has warned against expectations of a budget surplus despite the global recession economic recovery as tax receipts continue to be depressed.
Australia’s trade deficit narrowed further in January and is expected to be in surplus by the end of 2010 as export prices for commodities continue to grow. Australia’s trade deficit for January came in at $1.176 billion, seasonally adjusted, down almost $1 billion from December’s figure, making it the narrowest trade deficit since June 2009’s […]
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