Business conditions slump to four-year low
The Australian economy is stuck in a rut, with business conditions tumbling to their lowest level in four years despite low interest rates and a falling Australian dollar.
The Australian economy is stuck in a rut, with business conditions tumbling to their lowest level in four years despite low interest rates and a falling Australian dollar.
If Reserve Bank boss Glenn Stevens was trying to make a joke, it wasn't very funny.
Farmers, local tourism operators and manufacturers are getting better news everyday as the Australian dollar falls even further.
The Australian dollar has enjoyed a huge surge on the back of booming mining and resources export prices but that is unlikely to happen again, a leading economist says.
Businesses expect the pain of a high exchange rate to intensify over the coming year, with exporters saying they will respond by slashing their investment spending.