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Major Headwinds for Australian Economy Starting to Ease, Says Westpac

By James Glynn SYDNEY A key leading indicator of the Australian economy suggests a lot of the headwinds that slowed the commodity-rich country over recent years are beginning to ease. The. -May 28, 2024 at 08:55 pm EDT - MarketScreener

Stage three tax cuts: Consumers could pump surprise tax cut back into the economy

A surprisingly large number of people are unaware of the stage three tax cuts, which may make them more likely to spend their share of $23 billion, adding pressure to inflation.

Australia s consumer pessimism continues as inflation fears dominate

Australian consumer sentiment remains deeply pessimistic, with the Westpac Melbourne Institute consumer sentiment index dipping by 0.3 per cent to 82.2 in May this year from.

Consumer pessimism deepens amid inflation fears

Consumer pessimism deepens amid inflation fears
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Australia consumer mood dips in May despite budget relief

Australian consumer sentiment dipped in May, a survey showed on Tuesday, as renewed cost-of-living pressures and inflation concerns offset some of the relief provided by the government on energy bills. -May 20, 2024 at 09:07 pm EDT - MarketScreener

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