Retail sales surged in June, easily beating expectations, as consumers and small businesses opened their wallets to spend on electronics, furniture, housewares and do-it-yourself renovations and hardware. The Australian Bureau of Statistics said on Tuesday seasonally-adjusted month-on-month growth in retail turnover was 0.7 per cent, compared with a revised 0.4 per cent in May and […]
RBA’s Glenn Stevens: Australia may need to rethink growth
RBA’s Glenn Stevens: Australia may need to rethink growth Australian policymakers may need to adjust their idea of the country’s ideal growth rate to account for slowing population growth and other demographic changes, Reserve Bank of Australia governor Glenn Stevens says. Mr Stevens told attendees at the annual Anika Foundation lunch in Sydney that better than expected unemployment rates and signs business confidence had […]
