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Record levels of domestic and global stimulus during the COVID‐19 pandemic years helped to mitigate largely unparalleled downside risks. Post‐COVID‐19, inflation surged in Australia due to overseas factors such as the war in Ukraine, and domestic factors such as COVID‐related backlogs in the construction sector. To constrain inflation, the Reserve Bank shifted to a phase of aggressive monetary policy tightening in 2022. There are, however, cost of living ramifications associated with tighter monetary policy. Looking forward, there is significant uncertainty about the rate at which inflation will normalise, and the spending response of consumers to higher interest rates. [ABSTRACT FROM AUTHOR]

Economic activity in Australia slowed considerably in 2018–19, with domestic demand growth halving and unemployment rising. Consistent with the slowdown, both consumer and wage inflation have remained weak. A synchronised growth slow‐down was observed across major economies, to some extent underpinned by the on‐going US–China trade war. Central banks have responded to weak growth by cutting rates. The US Federal Reserve cut its target for the federal funds rate three times in 2019, as did Australia. To date, record low Australian interest rates have been associated with additional housing‐related debt and asset price appreciation. [ABSTRACT FROM AUTHOR]

Economic activity in Australia continued to improve in 2017–2018 with growth spreading across the mainland state economies. Labour market conditions in Australia improved markedly in 2017–2018 while the inflation rate was steady around the lower end of the Reserve Bank of Australia's 2–3 per cent target band. Real wage growth was weak and is likely to remain weak in 2018–2019, putting downward pressure on household consumption. Output growth in 2018–2019 is likely to be solid with prospects of the Chinese economy and trade tensions between China and the United States posing the greatest downside risk to the Australian economy. [ABSTRACT FROM AUTHOR]

The article discusses trends, updates, and outlook for the Australian economy. Topics explored include the gross domestic product (GDP), consumption, and unemployment rates recorded from 2017 to 2018, international economic developments in the U.S., Europe, and China which could impact Australia, and the contribution of non-mining business investments to Australian economic growth.

The article discusses the Australian economic condition in 2016 and the impact of international economic events on the country's economy. Several countries influenced Australian economy which include the U.S., European countries such as Germany, Great Britain and France, and Japan. The trends noted in the country include growth in net exports, growth in the housing market, and an improvement in the unemployment rate.

Larvae of a gall midge were found feeding on the fungal rust Maravalia pterocarpi (Pucciniomycetes: Pucciniales: Chaconiaceae) infesting the economically important sua tree Dalbergia tonkinensis (Fabaceae) on Hainan Island, China. The adults, pupae and larvae were collected, their morphology was studied and a segment of the Cytochrome Oxidase unit I (COI) mitochondrial gene was sequenced. The gall midge proved to be a species new to science that belongs to the genus Mycodiplosis (Diptera: Cecdiomyiidae). Comparison of the sequence to published Cecdiomyiidae sequences revealed that, despite being undescribed and unnamed, it was previously found in east and south-east Asia to feed on several rust species: Puccinia coronata (Pucciniomycetes: Pucciniales: Pucciniaceae) that develops on Lolium multiflorum (Poaceae), Puccinia sp. on Zea mays (Poaceae), Puccinia arachidis on Arachis hypogaea (Fabaceae) and Puccinia allii on Allium fistulosum (Amaryllidaceae). The new species is described and named here Mycodiplosis puccinivora Jiao, Bu Kolesik. It occurs in China, Japan, Thailand, Bangladesh and possibly Malaysia and Australia. In Hainan it has four to five generations per year.