Despite being the wealthiest people in the world, Australians are in the doldrums. Read More
Pacific Digest
Australia’s dismal jobs report may be partly the result of a sudden change in how the government calculates employment data. Read More
Sales slowed in August, though they’ve still risen in 13 of the past 14 months. Read More
The Reserve Bank of Australia hopes to curb real estate speculation without impinging upon the broader economy. Read More
So-called mega deals, valued at AUD1 billion or more, are at a six-year high. Read More
The currency sold off this week as negative sentiment over a sluggish economy and weakening commodity prices overshadowed a strong jobs report. Read More
Aside from the increasingly frothy housing market, the country’s retail space continues to be its great non-mining sector hope. Read More
The second quarter saw a welcome lift in capital spending after the swoon over the prior six-month period. Read More
Given the limitations of monetary policy, the Reserve Bank of Australia is asking the country’s politicians to implement policies that will help spur growth. Read More
Consumer sentiment appears to be strengthening, which should have a positive effect on the country’s overall economy. Read More