Economics

Super Funds Face Pressure for Faster Payouts as Mental Health Claims Surge

Download IPFS Australia’s superannuation funds face mounting pressure to expedite payouts as mental health insurance claims hit record highs, with consumer advocates decrying delays that exacerbate financial distress. New data reveals a near-doubling of claims, highlighting systemic issues in the insurance sector. This article examines the causes of the spike,[Read More…]

Cost-of-Living Crisis Fuels Baby Recession in Australia’s Major Cities

Download IPFS Australia’s largest cities are grappling with a deepening baby recession, as soaring living costs drive birth rates to near-record lows in 2024. Preliminary data from KPMG’s analysis of Australian Bureau of Statistics (ABS) figures shows fertility rates plummeting in Sydney, Melbourne, and Brisbane, while regional areas see higher[Read More…]

Aldi’s Grocery Delivery Trial in Australia Tested Against Coles and Woolworths

Download IPFS Aldi, the German discount supermarket, has launched a grocery delivery trial in Canberra via DoorDash, challenging Coles and Woolworths’ dominance in Australia’s online grocery market. A price comparison of 10 staple items reveals Aldi remains cheaper, but delivery fees and stock issues dent its edge. This article examines[Read More…]

Australia and Japan Strengthen Economic Security Cooperation Amid Rising Global Risks

Download IPFS Australia and Japan are taking meaningful steps to deepen their strategic economic partnership, with a new agenda focused on bolstering economic security in an increasingly fragmented global environment. In 2025, the United States Studies Centre (USSC) Economic Security Program launched a project to develop a shared economic security[Read More…]

Australian Consumer Sentiment Stalls as Rate Cut Hopes Fade

Download IPFS Australian consumer confidence showed only marginal improvement in July, with the Westpac-Melbourne Institute Index rising a mere 0.6% as households grappled with the Reserve Bank of Australia’s (RBA) decision to maintain interest rates at 3.85%. The restrained growth follows June’s equally modest 0.5% increase, revealing persistent economic pessimism[Read More…]

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