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Australia's budget surplus is welcome but fleeting

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AUSTRALIA

Chalmers is already investing much of the surplus in cost-of-living relief for households struggling with high prices and rising interest rates, as well as funding for community…

Despite dodging recession, Australia risks slump

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AUSTRALIA

Australian GDP grew by 1.9% in 2016, lower than earlier forecasts by the Treasury and the Reserve Bank of Australia (RBA). The latest OECD Economic Survey, together with other…

Australian growth slows as costs and inflation rise

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AUSTRALIA

This was the RBA’s fourth rise since January, a record for a single year, and took the official cash (base) rate to 1.85%. It came after inflation surged to 6.1% year-on-year and…

Australian PM challenge will hinder policy agenda

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AUSTRALIA

Although a victory in the short term for Abbott, the narrow margin will only intensify doubts about his long-term prospects as party leader and as prime minister. The challenge…

Australia election result will weaken Turnbull

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AUSTRALIA

The result of the July 2 Australian election is in doubt. At the current count, Turnbull's Coalition will have, at best, a slim majority in the House of Representatives, but a…

Australian budget curbs spending but dodges reform

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AUSTRALIA

This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…

New Zealand budget may mask weakness

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NEW ZEALAND

New Zealand's low government debt and fiscal stability mark it out among developed economies. Its economy is also one of the few growing firmly: 3.3% in 2014 and 2.8% likely in…

Australian fires may destabilise prime minister

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AUSTRALIA

The bushfires will wipe billions of dollars off 2020 economic growth and could push Australia’s economy into deficit in this quarter. Insurance claims already exceed 700 million…

Turnbull is the narrow favourite in Australia election

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AUSTRALIA

Turnbull's governing Liberal-National Coalition is currently neck-and-neck with Leader of the Opposition Bill Shorten's Labor Party in opinion polls. If Turnbull is defeated…

New Zealand’s economy looks positive in uncertain 2019

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NEW ZEALAND

The RBNZ’s no-change stance reflects major world central banks’ recent retreat from tightening. While current New Zealand economic growth is firm, the RBNZ and the government are…