Weekly Digest – 25 September 2024
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Leading Australian economists tip interest cut rate in February
Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year. Polling of 34 keen Australian economic minds shows 15 of the experts believe a February cut to the cash rate is in the offing.
Unemployment steady as RBA mulls interest rates call
Warranty expired? Here’s why you might still be entitled to a refund
Even though your warranty might be expired, you could still get your money back. Let’s run through the basics of warranties and Australian consumer law.
Business leaders eye economic light at end of tunnel
Australian business leaders are broadly optimistic about the state of the economy and more than half plan to hire and bolster workforces. Nearly nine in 10 Australian chief executive officers surveyed were confident about the economy despite a sluggish few quarters of growth engineered by policymakers trying to tamp down inflation.
Overheated market could burn first-time home buyers
Pushing people to enter the “overheated” housing market is a bad idea, an expert says, with new data finding first-time buyers want to purchase property as soon as possible.
Business Council of Australia boss Bran Black hits out at government spending
Business leaders have warned Australia is at risk of taking “noticeable” steps backwards, with chief executives issuing fears Australia’s “national prosperity” is at risk due to industrial relations policies and failure to prepare for an ageing population.
Parents receiving government paid parental leave to get superannuation from July next year
Parents accessing the government-funded paid parental leave will receive superannuation on their payments from July next year, after the federal government’s legislation passed parliament on Thursday morning.
NAB September 2024 report
Australia’s economy is navigating weak growth, driven by soft private sector activity and consumer sentiment. The September 2024 NAB report highlights the challenges and outlines cautious expectations for future recovery.
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