Young people’s prospects are worse than those of workers aged over 35, and worse than those of young people prior to 2008.
The design professions are set to go over a cliff in September. Construction is set to follow them in 2021.
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
Construction employs one in ten Australians, with a broad range of skills, using mostly locally made materials. Building social housing would meet urgent social needs as well as creating jobs.
AAP/EPA/Filippo Attili/Chigi Palace
During the Global Financial Crisis, the world benefited from American leadership. That is missing – along with any logical replacement – in the current crisis.
The Conversation/Google Earth
During the Global Financial Crisis, the US and the G20 led the way to recovery. As the coronavirus pandemic takes hold, there is a leadership vacuum, and we may all suffer for it.
Treasurer Josh Frydenberg released the National accounts figures for the June 2019 quarter, earlier this week.
Michelle Grattan discusses the slowing economy, and the response to Channel 9’s decision to host a fundraiser for the Liberal party.
Despite a slowing economy, Josh Frydenberg says ‘you wouldn’t want to be in any other economy, other than Australia’.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
An economic growth rate with a ‘1’ in front of it is unusual, and normally seen near recessions.
Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
It’s one thing to have money, it’s another to be able to spend it to best effect.
Last time Australia got lucky. We are unlikley to get lucky again.
People who have a financial shock are at greater risk of depression and a raft of other physical and mental health issues.
Unaffordable home loans, poor financial advice and unmanageable consumer credit may have serious consequences for many Australians, beyond bankruptcy and debt. Here’s what the research says.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Markets are useful to a certain point.
The finance sector is coming back strong after the GFC. This time, we need to make sure it is a force for good.
Glenn Stevens upheld the independence of the RBA in his time as governor.
Glenn Stevens’ legacy shows how to maintain the independence of the Reserve Bank in crisis as well as the limits of monetary policy.
Prime Minister Malcolm Turnbull attending Westpac’s 199th birthday lunch in Sydney on Wednesday.
Prime Minister Malcolm Turnbull has given banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the global financial crisis.
Tom Switzer and Naomi Klein, speaking on Q&A.
US Studies Centre research associate Tom Switzer said on Q&A that US carbon emissions had levelled off because of coal seam gas, but activist Naomi Klein said it was due to the economic downturn. What does the research say?
It’s a game with high stakes.
We’ve heard all about building houses and help for first time buyers, but when it comes to housing, the whole economy’s at stake.
Too big to fail, or too big to jail?
The global financial crisis had many causes. But it was generally acknowledged at the time and since, that failures of ethics, integrity and trust were an important part of the problem. US Republican Senator…
Europe’s slow recovery from the GFC has had implications for its trade partners, including Australia and the US.
As debate about the economic versus political role of the G20 takes hold, it’s worth looking back at how successfully member countries cooperated in promoting economic recovery after the global financial…
Trading in derivatives by US electric and gas utility companies levelled the playing field and had a positive effect on the…