News

Consumer sentiment has fallen – and people are putting their trust in banks to look after their savings

- December 17, 2019 2 MIN READ

There was a 1.9 per cent fall in the Westpac/Melbourne Institute consumer sentiment index for December, released last week. It currently sits at stands at 95.1 points, below the longer term average of 101.5 points. A reading below 100 points denotes pessimism, although economists believe are more apprehensive about how 2020 will unfold than negative.… Read more »

News

Slowing economic growth has wiped $2 billion from Australia’s budget surplus

- December 17, 2019 3 MIN READ

Workers hoping for a pay rise as their Christmas present are unlikely to find anything in their stocking as the Australian government revised down its forecasts for economic and wages growth in its mid-year economic update. Treasurer Josh Frydenberg and Finance Minister Mathias Cormann released the Mid-Year Economic and Fiscal Outlook (MYEFO) – the government’s… Read more »