Markets

CHART: Savings ratios in Australia point to looming household stress

Australia’s household savings ratio is at levels last seen at the heights of the global financial crisis. That’s not all, it hasn’t climbed for the past 12 quarters. That is the longest run since 13 consecutive quarters of no increase recorded between 1985 and 1988. With wages growing slower than […]
CHART: Savings ratios in Australia point to looming household stress
Markets

Here’s what Australian consumers need to do to keep the economy on track

Australian retail sales beat expectations with a 0.4% print this morning. That’s a good thing for the economy, but continued spending by Australian households is also a necessary requirement for the federal budget forecasts to hit their mark. That’s because the Budget, deficit, and Australia’s economic growth rate this year, […]
Here’s what Australian consumers need to do to keep the economy on track