Articles on Economy

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The economy will react slowly to last night’s budget. AAP/Lukas Coch

How will the economy react to the budget?

The Abbott-Hockey government is continuing to budget for a deficit. This means it is pumping more spending into the economy than it is taking out. The amount of this stimulus is being reduced; the size…
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Infographic: federal budget at a glance

Since publication this infographic has been amended. The original version stated the NDIS was scaled back. There are no planned cuts to the funding of the NDIS.
Some pain, but the nation will benefit: Hockey’s first budget. AAP/Lukas Coch

Federal budget 2014: economists react

The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
What is the true state of Australia’s economy? Image sourced from www.shutterstock.com

The state of Australia: the economy

In the lead up to the budget, the story of crisis has been hammered home, but there’s more to a country than its structural deficit. So how is Australia doing overall? In this special series, ten writers…
Hearing voices. Francois Hollande watches a Mirage 2000-5 taxi out of its hangar. Philippe Wojazer/EPA

The European Left’s economic policies risk looking feeble

Why does the economic policy pursued or proposed by the Left in Europe often seem so pathetic? The clearest example of this lies just across the channel. France is subject to the same fiscal straitjacket…
Australian Treasurer Joe Hockey hosting the recent G20 finance ministers’ meeting in Sydney, a lead-up event to November’s Brisbane Summit. AAP Image/Dan Himbrechts

Double or nothing: Australia’s G20 energy challenge

When Australia hosts the G20 Leaders’ Summit in November, a top agenda item for its “Brisbane Action Plan” will be “practical actions to improve productivity and competitiveness”. So here’s a good place…
A mini power plant in a North Sydney basement. Trigeneration plants like these generate electricity, heating and cooling far more efficiently than with mains power. AAP/Short Communications, Girrit Fokkema

How to save business billions, without cutting renewable jobs

The debate about the future of Australia’s Renewable Energy Target (RET) has largely focused on the issue of immediate costs to business. But if we’re thinking about Australia’s long-term economic interests…
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years. EPA/Harish Tyagi

Japanese tax hikes loom large for Abenomics

Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…
Singapore’s Marina Bay is viewed as a role model for casino precincts. Slack12/Flickr

Casino precincts and tourism: gambling our way to prosperity?

Last month Queensland Premier Campbell Newman called for expressions of interest to develop a major integrated resort casino precinct within the Brisbane CBD. The vision is for a new casino surrounded…
Big car firms now make huge sums from financial subsidiaries. Martin Rickett/PA

Short-term profit seeking risks the future of manufacturing

In both the US and UK, policymakers have been excited to see a small but significant increase in manufacturing activity and exports. While growth in manufacturing jobs has been sporadic, the creation of…
How does Australia’s economy stack up when compared globally?

FactCheck: how strong is Australia’s economy?

“We have among the lowest of budget deficits and debt to GDP of any other major economies in the developed world… If it’s so bad, Mr Abbott, why have we been given by the three ratings agencies a AAA credit…
The last few years in Australian politics have seen the rise of a new definition of ‘lying’. AAP/Lukas Coch

Redefining the lie: politics and porkies

Lie (v.) (1) To make a politically unpopular statement; (2) [retrospectively applied] To make a statement which appears inconsistent with a more recent statement, indicating that its maker has changed…
Chris Bowen’s mini budget doesn’t tackle the structural problems facing the Australian budget. AAP/Lukas Coch

Bowen’s band-aid mini budget

Chris Bowen, the new Labor Treasurer, has announced the government’s plans for savings and new sources of revenue to meet a budget shortfall with the aim of bring about the elusive budget surplus in 2016/17…
Bearers of bad news: Treasurer Chris Bowen and Finance Minister Penny Wong deliver the government’s economic statement.

Economic statement: experts respond

A slowing economy and drop in government revenue has led to an increased budget deficit, new taxes and some cuts to existing programs. Delivering the Rudd government’s long awaited economic statement…
Chris Bowen and Kevin Rudd are facing the challenge of paying for their new policies while minimising political “nasties”. AAP/Lori Neilsen-Carr

Grattan on Friday: Boats done – the economy’s next on Rudd’s agenda

Now Kevin Rudd has ticked off emissions trading and unveiled his PNG solution on boat arrivals, he’s turning his full attention to trying to neutralise the “debt and deficit” issue. In other words, he’s…

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