No surprise, but shocking: there’s no other way to spin Australia’s GDP | Greg Jericho

If you take away government spending, the economy would have shrunk in the June quarter. So much for ‘remarkable resilience’Today the government has been madly attempting to spin the GDP figures as good. So let’s cut straight to the point – the figures…

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Australia’s economic growth slowest in 10 years amid calls for swift action

Coalition says $100bn package and planned tax cuts are potential boosters for the Australian economyThe treasurer, Josh Frydenberg, has held out accelerated infrastructure spending as a possible salve for the Australian economy after growth slowed to 1…

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Australia’s economic growth slowest in 10 years amid calls for swift action

Coalition says $100bn package and planned tax cuts are potential boosters for the Australian economyThe treasurer, Josh Frydenberg, has held out accelerated infrastructure spending as a possible salve for the Australian economy after growth slowed to 1…

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Acland coalmine: Josh Frydenberg gives approval to $900m expansion

New Hope project is still waiting on state permits and the outcome of a legal challenge in land court

A controversial $900m expansion of Queensland’s Acland open-cut coalmine has received federal government approval.

The environment minister, Josh Frydenberg, made the announcement on Friday, but the New Hope project is still waiting on state permits and the outcome of a legal challenge in the land court.
“A total of 28 strict conditions are attached to the approval, which include requirements for water management and monitoring, and environmental offsets,” Frydenberg said.

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Natural gas lobby plans campaign to convince Australians of ‘long-term necessity’

Groups also plan to undermine government attempts to regulate parts of industry identified by the competition watchdog for price gouging

A coalition of natural gas lobby groups are planning a coordinated campaign to convince Australians gas is “a long-term necessity”, top industry lobbyists have revealed.

They also disclosed plans to undermine government attempts to regulate sections of the industry that have been identified by the competition watchdog for price gouging by offering the federal environment minister “something he can announce” – but which would not amount to regulation.

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Josh Frydenberg says India’s demand for Australian coal will increase

Resources minister believes China ‘not the only game in town’ but acknowledges global demand for coal will fall as percentage of overall energy mix

Australia’s resources minister has predicted India’s demand for coal will increase, even as some analysts warned him against relying on “overly bullish” forecasts.

In a speech in Canberra, Josh Frydenberg said China – which is undergoing an economic transition – was “not the only game in town” and strong economic growth in India would drive increased demand for Australian resources.

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India will step up as China’s economy slows, says Josh Frydenberg

The resources minister says the fundamentals of the world economy are still in favour of commodities despite the IMF downgrading growth forecasts for China

The urbanisation of India and its swelling middle class will step in to fill the breach as China’s economic growth slows, according to the resources minister, Josh Frydenberg.

Despite a slowdown in China and the International Monetary Fund cutting its forecasts for global growth for the third time in less than a year, Frydenberg said on Wednesday that the fundamentals of the world economy were still in favour of commodities.

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