Hold the champagne and pass the needle,because there is no truly sustainable path back to economic normal until we’re vaccinated.
The economy grew another 1.8 per cent in the March quarter,taking it back to where it was before the outbreak of the coronavirus pandemic.
Consumers led the climb out of the pandemic recession but despite their efforts are still holding back from emptying their savings - and with good reason.
The OECD has upgraded its forecasts for the Australian economy and global GDP. The biggest risk remains the pandemic and a slow vaccine rollout.
The federal government is rejigging its skilled migrant intake to reflect the changed COVID-19 world. But calls are growing for larger reforms.
As lines blur between living and working,the head of the Productivity Commission says planning laws need to keep up,but he warns of more “cleansing” effects of the recession.
The Future Fund,overseeing $226 billion in savings,will get an 80 per cent increase in staff as it faces a more difficult investment world.
The last intergenerational report promised surpluses,a growing population and strong productivity. Next month,the next report will deliver a very different story.
The number of Australians with a job fell for the first time in six months in April,the first full month without JobKeeper,with a widening gap between Victoria and NSW.
A slight lift in wages growth early this year still leaves annual growth at modest levels even as signs emerge of a tightening jobs market.
When Joe Hockey delivered his first budget speech it was filled with warnings about debt and deficit. Josh Frydenberg has recast Australian budget worries.