NSW's budget offers cost-of-living relief like reduced car registrations and toll caps, but these measures are temporary. Housing reforms aim to boost supply, while economic forecasts face uncertainty from interest rates and GST revenue.
South Korea experienced its first job loss in 17 months, with 40,000 fewer jobs in May compared to the previous year. The decline is attributed to economic uncertainties, particularly impacting the manufacturing and agriculture sectors, while health and social welfare services saw gains.
South Korea experienced its first job loss in 17 months in May, with 40,000 fewer employed people compared to the previous year. The jobless rate rose to 2.9%, and youth employment also saw a significant decline.
German households are expected to save less in 2026, with the savings rate dropping to 10.2% due to factors like increased energy prices linked to the Iran conflict. DZ Bank forecasts slower growth in household assets and higher inflation.
Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks.
