Tag: Economy

Tax cuts, higher household incomes and a boost to Australia’s economy will all be the result of a reform to the GST, according to a new report released by CPA Australia.

Australia’s unemployment level has jumped to its highest point in twelve years, climbing another 0.3 per cent from December’s employment rate.

The Index revealed Consumer Sentiment rose to 100.7 points in February, an 8 per cent rise from the 93.2 points registered in January. This is the highest level the Index has seen in the past 12 months.

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

The ACTU has today released the findings of a new survey, revealing a large number of Australians are dissatisfied with living standards and the direction Government policies are taking the country.

The Reserve Bank of Australia (RBA) has lowered the cash rate to 2.25 per cent, effective from today.

The economy continues to be a source of worry for Australian businesses, pushing business confidence down for yet another quarter.

Australians prefer to support local businesses, both in terms of retail and in services, a new report has found.

Until the arrival of large and mid-range international retailers such as Zara, Topshop and more recently, Sephora, there was an affordability gulf protecting Australia’s own mid-market brands.

While CEOs have a more positive outlook for the coming years, 60 per cent believe there has been a rise in threats to growth. Over-regulation, the handling of the country’s debt, and cyber security risks were highlighted.