While wages across the OECD have risen by an average of 1.5 percent since 2019, Australia’s real wages were still 4.8 percent below pre-pandemic levels as of last year, according to the OECD data.

In the weekly documentary How Australia’s Luck Ran Out, Bloomberg Originals shows how the country’s economy managed to dodge the worst the 21st century has to offer—and why it may no longer ...

SYDNEY (Reuters) -Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim ...

SYDNEY (Reuters) - Australia's economy stayed stuck in the slow lane in the June quarter as stiff borrowing costs and stubborn inflation squeezed consumers, leaving government spending as the main ...

Australia's economy grew less than expected in the first quarter this year. The Reserve Bank of Australia slashed rates to its lowest level in two years at its last meeting in May.

What Australia’s Vote Means for Climate in a Major Coal Economy The leading candidates in Saturday’s national election have starkly different policies on energy and global warming. Listen to ...

Australia economy stuck in slow lane, household spending drags. By Stella Qiu. September 4, 2024 6:10 AM UTC Updated September 4, 2024 ... barring pre-emptive RBA rate cuts," said Tony Sycamore, ...