Posts tagged "recession"

Australian consumers and workers may benefit from changing economic conditions in 2024, yet retailers can expect hardships to continue, according to Deloitte.

Australian shoppers are now "super cautious" about their spending habits, one small business operator says, as the effects of long-running inflation and interest rate concerns lead some economists to declare a "retail recession".

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.

Australia's small businesses can expect tough times ahead even if local economic conditions do not mirror New Zealand's recessionary downturn, according to NAB group chief economist Alan Oster.

History has shown businesses that continue to invest in their marketing when the economy is down are the ones that thrive when spending is back up.

With a second federal budget on the way, Treasurer Jim Chalmers has a chance to introduce some novel economic fixes.

The Reserve Bank of Australia today lifted the cash rate target 0.25% to 2.6%, undercutting market predictions of a sharper 0.5% hike and signalling a slowdown of the central bank's inflation-busting strategy.

There are several reasons to think Australia might be able to escape a global slide into recession — though it will need careful management.

As the cornerstone of the Australian economy, the public sector has an obligation to support small businesses through yet another tough period.

There is no question, tighter economic times are ahead, so how can you best position your business to be more efficient?

Inflation and rising interest rates are pushing Australia towards a likely recession. And on the list of culprits, RBA governor Philip Lowe is very near the top.

With a 44% chance of the US entering recession, what do we need to know about Australia's chances of going the same way?