With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
What’s happened a year on?
It was going pretty well until 2017 began.
No matter how hard we dig, the Earth’s resources are ultimately finite.
Mining image from www.shutterstock.com
Even supposedly "green" technologies such as renewable energy require materials, land and solar exposure and cannot grow indefinitely on this planet.
Getting his sums right?
Carl Court/PA Wire/PA Images
Recent history shows us why we should take the latest healthy forecasts with a pinch of salt.
Consumers are faced with more economic uncertainty than the bottoming out of interest rates would otherwise suggest.
If the stars align, consumers will benefit from increased economic activity in the short term. And if they don't, then the economic recovery will have consumers saving more in uncertain times.
Sean McGee Hicks/Flickr
Ridiculed and ignored in 2016, what can the 'dismal science' offer us now?
How harmful are big governments?
That "big government" hurts growth has become received wisdom, leading many countries to austerity policies. New research shows it is a lot more complicated than that.
Athens can celebrate two consecutive quarters of growth. Berlin must stomach some weakness. Everyone should remember cheap money isn't free money.
Was Steven Ciobo right about Australia’s economic growth?
Trade Minister Steven Ciobo told Q&A viewers that Australia has had 25 years of continuous economic growth, and is the only country in the world with a period of growth that long. Is that true?
Recessions affect us all.
Unemployed line via www.shutterstock.com
Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
China’s income level is at a critical stage.
The history of middle incomes countries shows China's "miracle growth" probably won't continue.
Perhaps this is not technically a recession, but certainly it looks, smells, and feels a lot like one.
AAP/ Sam Mooy
Technically, Australia isn't in recession; but data shows we are effectively in a situation of negative growth.
Treasurer Joe Hockey said Australia is not heading for a recession.
AAP Image/Dean Lewins
Australia has had 24 years of consistent growth. Is it all about to come to a crashing end?
Did Osborne provide a spark for productivity?
US Air Force
A living wage grabs the headlines, but sluggish productivity is a harder nut to crack than that.
Reserve Bank Governor Glenn Stevens has helped Treasurer Joe Hockey make his case for boosting the economy, but will it be enough?
This week’s Reserve Bank interest rate move surprised virtually everyone, bringing the cash rate to 2.25%, yet another historic low. Despite Australian Treasurer Joe Hockey suggesting the rate cut means…
Cutting a dash. A 1957 Chevrolet.
Randy von Liski
Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking his instrument…
Sorry, spending has exceeded tax revenue.
After all those years of flat-line economic performance in the UK economy and declining real incomes, we’ve seen quite a turn around. The growth rate is now one of the best in Europe, house prices are…