Talking Business with Leon Gettler

OECD downgrades its outlook for Australian living standards over the next 40 years, forecasting per capita GDP of just 0.9% between 2018 and 2030.

Australian Retailers’ Association chief Paul Zahra said Victorian retailers lost $1 billion in trade per week during the lockdown and 25 to 50% of Melbourne small CBD retailers may have closed.

Three global investor groups worth more than $US46 trillion ($62 trillion) have labelled Australia one of the least attractive destinations for green investment, alongside Saudi Arabia and Russia.

Economists and markets disagree with the Reserve Bank of Australia’s firm stance that the cash rate won’t rise before 2024. They say surging prices in housing and energy will bring sustainable inflation back to its targeted band well before then.

Rio Tinto was “at best” incompetent and at worst deliberately deceived traditional owners over plans to blast Juukan Gorge, according to the parliamentary inquiry

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