Category: All News

Australia is set for its longest stretch of sub-par economic growth since the global recession of the early 1990s, weighed down by weak consumer and business confidence, high interest rates and resurgent inflation, one of the world’s largest consulting giants predicts.

Mining magnate Gina Rinehart has suggested Queensland should offer some of its islands to trillionaire Elon Musk.

News Corp Townsville

Australia’s big four banks have shed 25 per cent of their value as consumer confidence hits record lows not seen since the 1990 recession following the 2026 federal budget.

Australia’s regulatory regime has crimped the nation’s growth, ANZ chief Nuno Matos says, with the boss of the big four bank warning that without an “entrepreneurship approach” growth will be anemic.

Australia’s falling productivity levels have been driven down by the replacement of coal-fired power plants with billions of dollars in renewable energy projects, the Productivity Commission has declared, as it warns governments should to make only the most efficient, cost-effective investments.

Consumers remain “deeply pessimistic”, as the rising cost of living and changing tax policies have many fearing their budgets will have to stretch further than ever.