Sun, 3rd Nov 2024

In this episode of the Weekly Finance News Wrap, host Paige Estritori discusses Australia's slow progress out of recession, noting a dip in per capita GDP, due partly to decreased household consumption and a drop in disposable income. A recent analysis by Westpac projects a gradual recovery. Estritori also highlights a remarkable increase in reported financial scams, urging the industry to improve grievance resolution resources. Looking ahead to the upcoming May 2025 elections, Estritori outlines efforts from the Reserve Bank of Australia to balance calls for an interest rate cut, despite high core inflation. Surprising data shows a resurgence in cash circulation, potentially linked to decreasing bank and ATM accessibility. Tune in next week for more key finance updates.n