Articles on Australian economy

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Christmas consumer ritualism: how will Christmas 2013 pan out for retailers? AAP Image/Daniel Munoz

Aussie retailers should get their Christmas wish this year

Consumer Sentiment fell by 4.8% in December, but despite the drop other indicators still point toward a robust Christmas period for retailers. Retail trade recorded its strongest result for three consecutive…
Australia’s unemployment is 5.5%. How does that stack up internationally? APH

FactCheck: is our unemployment rate low by world standards?

“Australia has one of the lowest unemployment rates in the developed world.” - Finance minister Penny Wong, The Drum opinion article, 14 January. Several ministers, including finance minister Penny Wong…
The Accord tried to set the course for alternative economic policy, but despite the talk from Labor figures such as Kevin Rudd and Wayne Swan, this has not come to fruition with the current government. AAP/Lukas Coch

The lessons of the Accord for Modern Times: think outside the box

The Prices and Incomes Accord, that historic agreement between government and unions born 30 years ago, may have disappeared into history. But its most enduring and important lesson arises from its role…

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