The Economic Perspective 28 March 2025
- klarsen94
- Mar 28
- 2 min read
The Latest Trending Economic News Curated for You by Balmoral Group Australia
Hello, and happy Friday!
The budget was announced this past Tuesday, which will have huge implications for the country. We at BGA wanted to let the dust settle before giving our two cents, so look forward to next week's EP around the 2025-26 budget!
As for this week, the Australian climate has proven its ability to bounce back from drought, recording four years of high rain, although there remain concerns about rising sea levels and extreme weather and fire events. Is the climate finally making a turn for the better, or is this simply a small pause in a larger downward trend?
Also found in our articles this week: Australian scientists have discovered a 3.47-billion-year-old crater thought to have been 100km wide upon impact. Will AI be a necessity to remain competitive in a rapidly digitised industrial sector? Is the tobacco excise encouraging black market activity, and is there a better way to disuade smoking?
Check out this week's articles for more on these topics.
Have a great weekend!
Earth's oldest-known crater discovered in outback WA is 3.47 billion years old, study finds
What could be the world's oldest-known impact crater has been discovered in the remote north-west of Australia. The crater, located near the Pilbara town of Marble Bar, is thought to have been created 3.47 billion years ago. Read more here.
Australia’s industrial future depends on digitalisation and AI
A seismic shift is underway in the nation’s industrial landscape. The convergence of technological disruption, economic headwinds, and sweeping regulatory reforms - such as the introduction of climate-related financial disclosures - is redefining how industries operate, compete, and survive. Read more here.
How Australia's fight with big tobacco fuelled a black market
Locked in a showdown with big tobacco, then-prime minister Julia Gillard took to the airwaves one early morning in 2011 and threw down the gauntlet. "We're not going to be intimidated by big tobacco's tactics, whether they're political tactics, whether they're public affairs kind of tactics out in the community or whether they're legal tactics," she told ABC radio... Read more here.
Rain gave Australia’s environment a fourth year of reprieve in 2024 – but this masks deepening problems: report
For the fourth year running, the condition of Australia’s environment has been relatively good overall. Our national environment scorecard released today gives 2024 a mark of 7.7 out of 10. You might wonder how this can be. After all, climate change is intensifying and threatened species are still in decline. Read more here.
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