ECO10003 Macroeconomics
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Final budget deficit an improvement on May forecast

Final budget deficit an improvement on May forecast | ECO10003 Macroeconomics | Scoop.it
TREASURER Scott Morrison has revealed Australia’s federal budget is $4.4 billion better off than forecast five months ago.
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The economy improves but weak consumers disappoint the optimists

The economy improves but weak consumers disappoint the optimists | ECO10003 Macroeconomics | Scoop.it
Australia's economic expansion has accelerated, but it continues to be driven by business and government spending, while households and the consumer sector struggle amid low wages growth.
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Unemployment rate edges higher to 6 per cent for June

Unemployment rate edges higher to 6 per cent for June | ECO10003 Macroeconomics | Scoop.it
Australia’s unemployment rate has risen slightly in June, albeit it from a downwardly revised May figure, as the number of new jobs in the economy increased marginally.
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Economic growth tipped to slow

Economic growth tipped to slow | ECO10003 Macroeconomics | Scoop.it
ECONOMIC growth is expected to have slowed significantly, with little signs of life outside of the housing and mining sectors.
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Australia's economy may be growing but households are yet to see much benefit | Greg Jericho

Australia's economy may be growing but households are yet to see much benefit | Greg Jericho | ECO10003 Macroeconomics | Scoop.it
We haven’t gone backwards over the past five years, but neither has the economy had any surges. It remains a work in progress
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‘A housing market in a ‘cooling off’ phase is not unexpected’

‘A housing market in a ‘cooling off’ phase is not unexpected’ | ECO10003 Macroeconomics | Scoop.it
THE Reserve Bank has kept the official cash rate on hold at its final meeting of the year, marking the 16th month in a row at the record low of 1.5 per cent.
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Australia's economy may be growing but households are yet to see much benefit | Greg Jericho

Australia's economy may be growing but households are yet to see much benefit | Greg Jericho | ECO10003 Macroeconomics | Scoop.it
We haven’t gone backwards over the past five years, but neither has the economy had any surges. It remains a work in progress
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RBA keeps the cash rate on hold

RBA keeps the cash rate on hold | ECO10003 Macroeconomics | Scoop.it
THE Reserve Bank of Australia has kept the official cash rate on hold at two per cent.
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The $129 billion budget black hole

The $129 billion budget black hole | ECO10003 Macroeconomics | Scoop.it
SUCCESSIVE federal governments since 2008 have squandered $129 billion in borrowed cash on welfare handouts and other ongoing spending, doing serious damage to Australia’s growth prospects, a new report argues.
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GDP figures smash expectations

GDP figures smash expectations | ECO10003 Macroeconomics | Scoop.it
AUSTRALIA’S economy grew by 0.9 per cent in the March quarter and by 2.3 per cent over 12 months to March, official figures show.
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