Category: Australia economy
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Pandemic-level progress charges spotlight financial ills
Stay A forward-looking indicator of financial progress has sunk to its lowest stage because the COVID-19 pandemic. The Westpac-Melbourne Institute main index returned its tenth adverse end in a row in June. The six-month annualised progress charge within the index, which indicators the doubtless tempo of financial exercise relative to pattern three to 9 months…
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Financial institution boss defends charge rises as proof of financial gloom emerges
Reside Financial development throughout Australia slowed to 0.2 per cent within the March quarter, as households continued to tighten their belts amid a report spate of rate of interest rises. The March quarter knowledge, launched on Wednesday, adopted a 0.6 per cent carry within the December quarter. On an annual foundation, gross home product as…