Australia’s household saving ratio has collapsed from a high of 20% at the start of the decade to just 1.1%.
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There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…
Election campaigns in Australia often seem to crystallise around the dire performance of a single economic indicator. In the 1996 election, it was the size of Australia’s foreign debt (Peter Costello argued…
