Australia's economy might be in better shape than GDP suggests
Sydney
AUSTRALIA's best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions - signalling the economy could be in better shape than recent GDP data showed.
At the Reserve Bank of Australia, there'll be some relief. For months, it's repeated that forward indicators suggested higher employment and lower unemployment were in the offing, as the jobs market turned in circles or even weakened.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indonesia central bank sees no need for more rate hikes
Thai business lobby joins rate cut call as it trims GDP forecast
Malaysia eyes ‘orangutan diplomacy’ with nations that import palm oil
Malaysia to assess response to unilateral sanctions amid concern over Iran oil shipments
Trade between Singapore and Asean was at S$295.6 billion in 2023
UK passport control hit by outage, causing long waits at airports