Westpac

AI is flying high. But is it heading for an Icarus moment? 🪽☀️ As money pours into artificial intelligence, Westpac Chief Economist Luci Ellis says the risk may not be a classic bubble, but a technology boom where hype, competition and fear of missing out push costs too high. ➡️ Full story, live on Wire: https://lnkd.in/gvZUewTf #AustralianEconomy #AI #datacentres

🌤️ Australians aren't feeling rich, but they are feeling better. New consumer sentiment data from the Westpac-Melbourne Institute suggests confidence is recovering, even as many households remain under pressure. ➡️ So why are Australians feeling better before they're actually better off? Full story, live on Wire: https://lnkd.in/gYTW4qa8 #economy #consumersentiment #OECD

What happens when a country wins the geographic lottery? Norway's most famous export might be Erling Haaland ⚽ Its most valuable asset, however, is a A$3 trillion sovereign wealth fund 📈 As Australia eyes the next boom in critical minerals, clean energy and AI, an old question is resurfacing: when a nation strikes it rich, what should it do with the proceeds? ➡️ Full story, live on Wire: https://lnkd.in/g562hb4U #economy #commodities #sovereignwealthfund #Norway

More choice when banking in Auslan is now available in Westpac branches. Customers can bring their own NAATI-certified Auslan interpreter or use Convo Now through @convoau once safety checks and requirements are met. Existing interpreter services remain available, with added flexibility to get support in the moment. Search accessibility on our website or learn more here: https://lnkd.in/gsch3DHT

❓ Which parts of Australia are booming - and which aren't? Not all parts of Australia are experiencing the economy in the same way. A country of perennial contradictions, the nation's economy appears to be splitting based on the coastline you call home. Westpac economists have ranked the performance of every state and territory across key measures including growth, jobs, housing and consumer spending. 👉 See how your state stacks up, on Wire: https://lnkd.in/ef7Tt-2v

📉 With the easy gains behind us, the journey back to the inflation target range is entering its last leg, where progress tends to be slower and every decimal point harder won. ➡️ Full story on the latest CPI figures, live on Westpac Wire: https://lnkd.in/eyWGnJm3

Ben Young sits down with Sylvia Jeffreys of The Pay Off podcast to break down the savvy scams designed to feel familiar, trusted and timely - and why even the smartest Australians get caught. Listen to the podcast here: https://lnkd.in/gDVx8ch7

Alison Lennard has seen firsthand what fast fashion is doing to Australia’s manufacturing industry — and she’s determined to do things differently. As the founder of Philosophy Australia, Alison has built a business where every garment is 100% made locally, from design through to despatch. Her mission is simple: keep skills, jobs and creativity in Australia. Through Philosophy Australia, Alison supports a network of mostly women workers and small factories, helping sustain local talent and strengthen the domestic fashion industry. As a long-term Westpac Business customer, she continues to back local manufacturing — proving that when founders lead with purpose, they can help shape a more sustainable future for Australian industry.

⚠️🧠 “A scam is really a breach of your mind," says Westpac Head of Scam and Fraud Prevention, Benjamin Young. He sits down with Sylvia Jeffreys of The Pay Off podcast to break down the savvy scams designed to feel familiar, trusted and timely - and why even the smartest Australians get caught. ➡️ Full story, live on Wire: https://lnkd.in/g_3mxnCM

Can Australia keep its next Canva? Last week, the federal government announced plans to expand access to small business capital gains tax concessions and introduce new incentives for start-up founders, investors and employees with equity. What could it mean for Australia's entrepreneurs, innovators and small business owners - and why do economists say it's about preserving incentives to take risks? ➡️ Full story, now live on Westpac Wire: https://lnkd.in/g2QTweZQ #economy #SME #startups #tax #CGT