The Reserve Bank of Australia has just released its revised economic outlook, following this month's rate hike that lifted the cash rate to 4.35 per cent.
The 2023-24 state budget offers a relatively rosy outlook for Western Australia’s economy, but there are uncertainties in the years ahead due to its economic dependence on iron ore.
Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.
As the fear of recession looms following interest rate hikes by central banks to fight inflation, the outlook for commodity prices is far less bullish than it was earlier in the year.
The third Intergovernmental Panel on Climate Change review of climate science was released just one week before the start of the federal election campaign, and it makes for sobering reading.
