Articles on Australian economy

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What goes around comes around – New circular thinking, access to abundant solar energy and supporting new technology could provide a competitive advantage for Australian industries. Flickr/Beyond Zero Emissions

Resource productivity: four ways Australia can keep the good times rolling

Australia’s relative share of global economic opportunity derived from smarter use of materials, energy and water could be $26 billion each year by 2025. Here are four ways Australia could make the most of the circular economy boom.
Australian Prime Minister Tony Abbott has thrown his support behind coal mining, arguing coal is ‘good for humanity’. Dan Peled/AAP

The facts on Australian coal production

Despite the divestment movement gaining ground, the share prices of our major coal miners suggest there's still strong investor support.
Australia has committed to a long-term global average temperature increase to no more than two degrees Celsius – yet often envisions a future in which its is a major coal exporter. EPA/FEDERICO GAMBARINI

A tale of two futures: Australia’s economy under climate change

When it comes to climate change and Australia's economic future, different crystal balls can produce vastly different results.
Treasurer Joe Hockey’s failure to talk about basic measures of the economy in his second budget speech is telling. AAP/Mick Tsikas

Three missing letters say it all about Hockey’s budget pitch

A budget speech that fails to discuss basic measures of how the economy going is revealing in itself. Joe Hockey is the first treasurer since at least 1981 not to mention GDP.
Treasurer Joe Hockey and Finance Minister Mathias Cormann speak to media during the 2015 budget lockup. AAP Image/Lukas Coch

Path to budget surplus built on shifting foundations

The impact of 2015 budget measures delivered by the government pale into insignificance when compared with the external factors hurting the budget bottom line.
Australia can expect expansion in sectors such as tourism, the health and financial services sectors, banking and securities. AAP Image/Joel Carrett

As the mining boom wanes, Australia pivots to services

Mining, along with agriculture, will continue to be key parts of the Australian economy -- but new growth is expected in the services sector.
As economic growth in China moderates, so will its demand for Australia’s raw materials. AAP Image/Alan Porritt

Australia’s ‘five pillar economy’: mining

The mining boom is over and the industry is employing fewer workers -- but the outlook for mining in Australia seems generally good.
The People’s Bank of China surprised observers by cutting its reserve requirement ratio by 100 basis points to 18.5% on the weekend. EPA/MARK

China’s required reserve ratio cut will nudge Australia along

Most of the new credit released after China's central bank cut the required reserve ratio will be used to fund new investment in infrastructure and construction -- and that's good news for Australia.
Journalist George Megalogenis takes an affectionate journey through the milieu of Australia’s economic reform in a new ABC documentary, Making Australia Great. ABC TV

Making Australia Great despite themselves: PMs stake rival claims

A line-up of former prime ministers stake their rival claims to making Australia great, in a new series by journalist George Megalogenis.
Business confidence is largely based on gut-feel, but the good news is, it can be manipulated. Image sources from www.shutterstock.com

An economist’s guide to business and consumer confidence

It would seem odd that the guesses of a random collection of people inform economic policy. But there's more to consumer sentiment than that.
Women and older people form two ‘armies’ Treasurer Joe Hockey is hoping will help protect Australia’s future prosperity. Mick Tsikas/AAP

Hockey looks to ‘armies’ in Intergenerational Report: experts react

Experts question where the jobs for older Australians will come from.
Partied too hard? Julian Smith/AAP

Australia must prepare for the mother of all hangovers

You know Australia’s in trouble when the Reserve Bank cuts interest rates. Last week, the central bank did precisely that, in belated recognition of the income recession that has struck. Gross domestic…
The policies Australia needs are being blocked in the Senate. Lukas Coch/AAP

Senate stalemate must end so we can face economic headwinds

Much of the current political turmoil in Australia can be traced to Bill Clinton’s famous aphorism: “it’s the economy stupid” – in particular, the plunge in world commodity prices over the past few years…

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