Articles on Economy

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Counting your blessings. A worker at a chocolate factory in Germany. Jan Woitas/EPA

German labour markets put Europe’s workforce in the firing line

Germany’s strategy for export-led growth has set the Eurozone up for a fall. Plans to introduce minimum wages in 2015 might be too little too late for European countries locked in a futile game of beggar-thy-workforce…
High-emission brown coal power generators including Hazelwood are set to be among the short-term winners from the carbon tax repeal. AAP Image/David Crosling

Who gains most from axing the carbon tax – and at what cost?

When the carbon tax was introduced, there was a lot of discussion about winners and losers. The Labor government limited the number of businesses that had to pay the tax, while it also gave carbon tax…
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…
Queensland Treasurer Tim Nicholls had little good news to deliver. Dan Peled/AAP

Queensland budget shows why the federation is broken

As Queensland Treasurer Tim Nicholls released the state budget yesterday, one could be excused for not really noticing. Long the poor cousin of Australian Federalism, state budgets rarely get much press…
Third time around for Queensland Treasurer Tim Nicholls. Dan Peled/AAP

Queensland budget another case of the disappearing surplus

With the release of a plan to sell and lease $33 billion worth of assets after the next election, the state government has shifted attention away from its budget. Though in truth, it would have been quite…
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…

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