Articles on Australian economy

Displaying 121 - 140 of 145 articles

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…
There is a silver lining to the end of the mining boom. Image sourced from Shutterstock.com

Turning headwinds into tailwinds: the economy can correct course

What is the new normal for the Australian economy? With unemployment rising, commodity prices reaching new lows, and confidence subdued, is the Australian economy prepared to handle offshore headwinds…
Could a Turnbull-Abbott partnership be the circuit breaker the government needs? Lukas Coch/AAP

Is it time for Treasurer Malcolm Turnbull?

In the wake of Monday’s attempted Liberal leadership spill, Australian Prime Minister Tony Abbott clearly needs to do something to shore up support. He’s been offered all manner of unsolicited advice…
Selling reform to voters has proven challenging for the Prime Minister, but there are alternative options. Nikki Short/AAP

Governments paying price for ‘do it now or die’ approach to reform

The move to challenge the leadership of Prime Minister Tony Abbott, coming soon after the shock Queensland election outcome, has in some quarters been blamed on a lack of appetite for reform on the part…
The less surprised markets are on interest rate moves the better. Paul Miller/AAP

Quelle surprise? Why it’s good for markets to second-guess the RBA

Though markets had somewhat priced in an Australian interest rate cut yesterday, many analysts and commentators were still left surprised. The rate had not been cut for 18 months. Over that period commentary…
The relationship between PM and treasurer can make or break a treasurer’s reign. Lukas Coch/AAP

Hockey-Abbott partnership looks shaky against treasurers past

For a number of reasons, now is not a good time to be Australia’s federal treasurer. The resources boom has lost its mojo, the economy is faltering and the dollar is falling along with the terms of trade…
Queensland’s debt: is it sky high, or under control? An economist shows what you need to know to judge for yourself. AAP/Dan Peled

The true state of Queensland debt

How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
To prevent future pain, the government can’t put off tough decisions on tax. Lukas Coch/AAP

Why it’s time to hike the GST and levy an inheritance tax

The government’s recent budget outlook (MYEFO) confirmed that the Australian government budget is rotten at the core. The government is hopelessly living beyond its means, with expenditure greater than…
It’s been a steady-as-she-goes year for Reserve Bank Governor Glenn Stevens. Alan Porritt/AAP

Rates tipped to stay on hold in final RBA decision for 2014

The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
With the Australian dollar continuing to fall, the local economy is expected to rebalance. Paul Miller/AAP

Falling Aussie dollar to weigh on interest rates decision

The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
A new report from the Parliamentary Budget Office could help Joe Hockey sell his budget. Nikki Short/AAP

Paid parental leave weighs heavily in government spending forecast

Growth in government spending on big-ticket items including Medicare, public hospitals and the aged pension is expected to…
Global action to reduce emissions could threaten Australia’s coal exports. Lock the Gate Alliance/Flickr

Australia’s economy will suffer if we fall behind on climate action

Australia’s economy faces grave threats from climate change, but the greatest threat is if we do not make a serious effort to reduce greenhouse gas emissions. It’s not just the physical impacts of climate…
Treasurer Joe Hockey is busy selling his budget to the electorate. Joel Carrett/AAP

Consumer sentiment dives as government sells budget cuts

Consumer sentiment has tumbled to levels not seen since August 2011, in a post-budget drop economists say does not reflect…
Australia’s state premiers are avoiding a GST discussion. Daniel Munoz/AAP

GST reform a golden opportunity, soon to be missed by the states

This past Tuesday was another bad day for Australian federalism: the Abbott government’s first budget announced the axing of the COAG Reform Council and the withdrawal of a promised A$80 billion from health…
The budget: more that we wanted, less than we need. Lukas Coch/AAP

Trust is not the only deficit

This week’s budget was clearly highly political. The question is what its economic impact will be. My overall assessment is that the Abbott government has burnt too much political capital for too little…
Is Australia on its own ‘Great Gatsby curve’? Victoria Pickering/Flickr

The Great Gatsby days of inequality and social polarisation

In the popular novel of F. Scott Fitzgerald, James “Jimmy” Gatz (The Great Gatsby) climbs from his poor, rural North Dakotan origins to New York’s high society. His parties are as glamorous as they get…
Despite a topsy turvy global economy, inflation has remained stable in Australia. zanoskim/Flickr

Inflation - the dog that didn’t bark

Australia’s cost of living is among the highest in the world, despite our low inflation rate. In this series we explore what consumers can expect from the big ticket items - petrol, power and groceries…
Unemployment is expected to rise in 2014, and some suburbs of Australia will be harder hit than others. eliduke/Flickr

Unemployment … coming to a suburb near you

Australians are heading into 2014 with job vacancies falling, and Australian Treasury forecasts and monthly labour force data all pointing to rising levels of unemployment in the year ahead. Some local…
Prime Minister Tony Abbott may believe economic growth will solve Australia’s budget problem, but Joe Hockey should be looking for solutions elsewhere. Alan Porritt/AAP

Hockey can’t grow us out of trouble: lessons in budget repair

The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…

Top contributors

More