Even with enough supply, local gas prices have been skyrocketing. The ACCC has squibbed on possible reforms such as a windfall profits tax.
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Articles on Australian economy
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As Jim Chalmers prepares to deliver grim news on the economy, he will choose his words carefully.
Australia has its lowest unemployment rates in almost 50 years – helped along by high numbers of employees off work sick.
Compared with other OECD nations, Australians pay much less tax than some headline statistics suggest.
The Reserve Bank of Australia has delivered a ‘double-whammy’ interest rate rise, with up to five more to come in 2022.
Despite Albanese’s campaign hiccups, at the end of this penultimate week, based on the objective evidence, the election appears to be his to lose.
Australia’s GDP was up 3.4% last quarter of 2021, on the back of pent-up consumer spending. Other factors must drive future growth.
Despite limited direct economic ties, Russia’s invasion of Ukraine has important consequences for Australians too.
Increasing perceptions of corruption in Australia could be suppressing economic growth by as much as 0.6%
If we want higher wages, we must win them through deliberate wage-boosting policies.
There is enough momentum for Australia’s unemployment rate to go lower than 4.2% in 2022. Keeping it low is another matter.
Some political and business leaders have, from the outset of COVID-19, downplayed the economic costs of mass illness. We’re now seeing the result.
Even now much of the recovery in employment seems to be happening without big wage increases.
To calculate the cost of Australia’s closed border, we’ve focused on estimating losses from international tourists and students.
We need a tenfold increase in the digital economy budget spending for Australia to become a leading digital economy.
With younger people hit hardest by the pandemic’s economic impacts, it’s imperative to ensure an entire generation is not permanently disadvantaged.
The Reserve Bank should stick to its guns. Australia’s economy still needs all the support it can get.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
The federal government must provide more support if Victorian businesses and households are to survive the state’s Stage 4 lockdown.
He is trying to transition out of stage one while drawing up stage three.
Top contributors
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Professor of Economics, UNSW Sydney
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor, Griffith Business School, Griffith University
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Professorial Fellow, University of Canberra
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Professor of Economics, The University of Melbourne
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Professiorial Fellow, The University of Melbourne
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Economist at Centre of Policy Studies, Victoria University
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Professor, Monash University
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School of Social Sciences, Monash University
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Professorial Fellow and Deputy Director (Research), HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Industry Professor and Chief Economist, University of Technology Sydney
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor of Economics, University of Canberra
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Professor of Macroeconomics, University of Sydney
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Associate Professor, Finance, The University of Western Australia
