Economics Update

2024-25 Federal Budget Recap  

In his 2024 Federal Budget speech, treasurer, Jim Chalmers, announced that ‘The number one priority of this government and this Budget is helping Australians with the cost of living’.  But

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What does a recession mean for me?

A recession is more than just a buzzword that gets thrown around by the media.    A recession represents a significant decline in economic activity that can span months, even years.

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Review of 2023 and a look at 2024

The five key themes for 2023 were: better than feared growth; disinflation; peak interest rates (probably in Australia too); lots of geopolitical threats but not as bad as feared; and

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