Figures reveal strongest economic growth in two years ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Finally, some good news on the economy. After several quarters of anaemic growth, official data shows the economy grew by a solid 0.6% in the June quarter – well above forecasts. The biggest surprise was a recovery in household spending, with consumer confidence refreshed by the Reserve Bank’s interest rate cuts earlier this year.

Spending on non-essentials such as recreation, travel and hospitality jumped 1.4%, boosted by the Easter and ANZAC Day holidays. End-of-financial year sales of appliances and furniture also helped. Overall, annual economic growth rose 1.8%, the strongest result in two years.

As Stella Huangfu from the University of Sydney writes, there are reasons to be hopeful this momentum will continue. The challenge now will be for the Reserve Bank to keep the recovery moving – without reigniting inflation.

Victoria Thieberger

Business and Economics Editor

Australia’s economy shows best result in two years as consumer spending picks up

Stella Huangfu, University of Sydney

The economy is starting to turn the corner, as consumer confidence returns.

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Nicola Henry, RMIT University

Banning ‘nudify’ apps is an important step, but alone it won’t stop the harm they cause.

Why major policy reform in Australia has stalled for decades – and how to change it

Aruna Sathanapally, Grattan Institute

Australia’s recent track record on implementing major reform has been patchy. Here’s what’s getting in the way.

Albanese government to bring forward home care packages in major backdown

Michelle Grattan, University of Canberra

Some 20,000 home care packages will be brought forward to be delivered before the end of October.

Google just dodged a major penalty in the courts – here’s what happens next

Rob Nicholls, University of Sydney

Google won’t have to sell Chrome. But the ruling could still have a significant impact on the tech giant – and the entire internet.

What happens when the progressive idea of cultural ‘safety’ turns on itself?

Hugh Breakey, Griffith University

How did speech rules developed and promoted by the left become tools that could be wielded against it?

What’s behind the rioting in Indonesia? And will the much-loathed political elite back down?

Tim Lindsey, The University of Melbourne

The president has made some concessions to protesters, but this may not be enough to quell public anger, with politicians seen as lazy, corrupt and out of touch.

New report reveals glaring gaps between Australia’s future needs and science capabilities

Chennupati Jagadish, Australian National University

We have gaps – in workforce, infrastructure and coordination – that will cripple our ability to secure a bright future for the next generation, unless we act now.

Is the Australian sharemarket headed for a correction? Here’s one way to judge

Mark Crosby, Monash University

Both the Commonwealth Bank, and the ASX as a whole, are considered expensive. But does this mean they’re headed for a fall?

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Rethinking our approach to multiculturalism
“For decades, we have celebrated Australia as a model multicultural society. The idea was simple — instead of forcing immigrants to abandon their heritage, we would welcome their foods, languages, and traditions. And to a large extent, this has worked. But cracks have begun to show. The government’s multicultural policies, especially through departments and grants for ethnic groups, have unintentionally encouraged separateness rather than integration. Funding cultural groups may seem harmless — even noble. Yet, these grants can foster dependency, isolation, and resentment. Communities that are continually funded to 'preserve culture' may have little incentive to mix more deeply with the broader society. Meanwhile, the majority population often sees such support as favoritism. The result? Frustration, division, and sometimes — as we saw on Sunday — public anger. Instead of creating one community enriched by many cultures, we risk creating parallel societies. It’s time for Australia to rethink its approach. That doesn’t mean abandoning cultural diversity. It means supporting it in ways that foster unity rather than division.”
Balvinder Ruby

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