A six-month recovery plan from coronavirus measures would cost Australia’s economy more than $400 billion, modelling by the Business Council of Australia shows.
2020 is shaping up as a dismal year for the economy, with no progress on many of the key measures that matter for Australians.
Industry body hopes third cut will do the trick that other policy changes have not.
Consumers have continued to spend despite modest wage growth.
The RBA holds interest rate steady for 24th consecutive month.
Victoria unseats New South Wales as country’s top performing economy.
Monthly spending trend falls, though investor confidence remains high.
Retail relief on the way, economists say.
Consumer confidence recovers from two weeks of falls.
Unfortunately for the RBA, the health of the economy is not measured on the geologic time scale.