Last week, the Australian Bureau of Statistics (ABS) issued the national accounts for Q2 2025, revealing stronger-than-expected growth. Analysts predicted a 0.4% increase in headline GDP, while the RBA expected 0.5% growth. However, a 0.6% increase was observed, driven by household spending. Household spending per capita increased by 0.5% in the second quarter, the highest
By Lucinda Jerogin, Associate Economist at CBA Australian GDP growth surprised to the upside, rising by 0.6%/qtr in Q2 25 to be 1.8% higher annually. The current account deficit narrowed to $13.7bn in Q2 25. The July MHSI reinforced our view that the consumer recovery is picking up steam, rising by 0.5%/mth to be 5.1%
The post The economic week ahead appeared first on MacroBusiness.
By Vlad Lasky 20,000 Australians marched in Sydney last Sunday. I was one of them. The media got it wrong. When the mainstream media misrepresents something that happens in our country, I consider it the duty of any eyewitnesses to set the record straight. I attended the March for Australia rally in Sydney on Sunday,
Australia’s housing market continues to heat up. August’s national monthly average final auction clearance rate lifted to 69%, which was the strongest result since February 2024. This weekend’s preliminary auction results from Cotality continued the run of strong results, with 75.0% of auctions selling nationally based on early figures. This marked the fourth straight week
Ukrainian President Volodymyr Zelenskyy dismissed Vladimir Putin’s invitation for peace talks in Moscow Friday, countering that the Russian president should travel to Kyiv if he wants to meet.
VLADIVOSTOK, Russia (Sputnik) - The volume of gold added to Russia's reserves in the first half of 2025 was 450 tonnes, compared to 313 tonnes for the same period last year, representing a growth rate of 43.8%, Russian Natural Resources Minister Alexander Kozlov tells Sputnik.
Activist Greta Thunberg on Wednesday expressed her contempt for the international community for its continued inaction on ending the mass suffering being inflicted on Gaza by the Israeli government.
By Stephen Saunders The March for Australia demonstrates the necessity of pushing back the “you’re a racist” slur habitually deployed by the all-powerful minority—our mega-migration lobby. It was like Goliath encountering a David with no slingshot. Yet the governing Big Australia minority went ballistic over the March for Australia (MfA). From 2021-22, the border reopening
