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The Latest Breaking News from Adelaide Timbrell

Australian growth forecasts slashed as global economy faces inflation spike

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation

The Guardian - AU

Big four banks predict three consecutive RBA rate hikes

The Middle East conflict could prompt the Aussie dollar to plummet and the Reserve Bank to hike interest rates to 15-year highs in 2026, analysts say.

AAP

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.

AAP

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Early Christmas for RBA with landmark inflation print

Inflation data will dominate the domestic economic dashboard, while the UK budget and New Zealand rate cuts are on the agenda abroad.

AAP

RBA wary of unemployment jump ahead of rates call

The central bank board mulled over another cash rate increase or staying on hold at the December meeting, and kept its options open for more tightening.

AAP

Renters never gloomier as living costs soar

Confidence among renters has plunged to a record low.

The Canberra Times

‘Per capita recession’: Banks forecast longer downturn as more interest rate rises loom

Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.

The New Daily

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Consumer confidence plunges to another three-year low

The latest interest rate rise has knocked consumers around and caused sentiment to sink closer to levels last seen at the start of the pandemic.

The New Daily

Consumer confidence edges up but low mood prevails

Consumers are feeling a touch more optimistic about their personal finances, with the jobless rate low and pay packets rising.

AAP

‘Peaked’: Small relief from slowing inflation as rents and utility bills soar

Inflation has begun easing as goods prices fall, but the cost of living crisis isn’t over yet as rising rents and utility bills hit families.

The New Daily

Reserve Bank leaves rates pause in play for April

The minutes from the central bank's board meeting suggest the bank is getting closer to a pause so it can assess the full impact of sharp interest rate hikes.

AAP

Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.

ABC News

Australia’s softening inflation unlikely to spell an end to interest rate hikes

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many households

The Guardian - AU

Black Friday in Australia is a spending frenzy. With the rising cost of living, will this year be different?

It's the final countdown to the consumer event of the year — Black Friday — a November sales spectacular imported from the US, and growing in popularity in Australia.

ABC News

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ABC News

After a hell of a ride, Victoria's economy is on the up — but where are the workers?

Whoever wins this month's election will inherit an economy showing signs of pandemic recovery as the state's net debt climbs to dizzying heights. But the biggest challenge could be filling a major skilled worker shortage across a raft of critical sectors.

ABC News

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

People

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