As 2024 ends, Australia grapples with a mixed economic landscape, balancing robust consumer activity and a strong stock market against persistent inflation and a cooling property sector, setting a cautious tone for 2025 amidst global uncertainties and domestic spending shifts.
Highlights from the 2024-25 Federal Budget delivered by the Treasurer on Tuesday 14 May 2024.
The first quarter of 2024 in Australia featured governmental revisions to tax cuts, a gradual decrease in inflation, soaring stock markets, a tightening housing market, and a cooling labor market.
This article explores the forecasted global economic slowdown, higher costs and interest rates in Australia, alongside a cautious outlook on inflation and property market trends.
A concise summary of the economic highlights from the third quarter of 2023.