Your source for the business news and analysis that matters. Hot topics, latest trends and expert opinions from respected commentators, NAB’s economists and leaders of Australian businesses.
A report by CSIRO, NAB and 20 other organisations, draws on the latest scientific data and states that Australia is at a crossroads and faces a stark choice – strive towards a more positive future of growth and prosperity or suffer a slow decline.
Conditions ease further, while confidence increases.
Reserve Bank research suggests that the two rate cuts to date will boost growth by 0.25-0.4pp over two years and lift inflation by only 0.1pp over two to three years.
Current market sentiment among property professionals still negative but lifted in Q2 post the Federal election. Future expectations also improved sharply, reflecting a stronger outlook for prices and rents.
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