Australian economy locked into slow growth in 2020: Deloitte

With wage growth stagnant, unemployment unlikely to fall, and the economic cost of bushfires and drought to soar well into the billions, Australia's economy could be treading water, rather than roaring into recovery in 2020.

Bushfires ravage confidence in the economy

The bushfires raging through parts of Australia have dealt a major blow to Australians' confidence in the economy, which has returned to lows not seen since the GFC.