Unless the federal government does more a lot more,Australia’s economic recovery will be weak and slow.
Philip Lowe has made clear interest rates will likely stay low until 2024 while warning tighter lending standards may be used to cool house prices.
State budgets are on the horizon around Australia and we’re nearly all in the red. But if we were to default on our loan repayments,who would come calling?
Job ads have climbed back above their pre-virus level,but new research shows low income workers have taken the biggest hit to job prospects.
The Australian economy is on track for its best performance in a decade,with the OECD sharply upgrading its forecasts around the globe due to coronavirus vaccine rollouts.
Low-interest loans and grants aimed at airlines and tourist operators will feature in a special package to help the sector survive the end of JobKeeper.
People surviving on JobSeeker and the charities supporting them say the government’s planned $50-a-fortnight rise is not enough.
Some of the nation’s top economists say serious tax reform,in addition to spending on infrastructure and childcare,are needed to build out of the recession.
Victorian and NSW households cut consumption by $50 billion through 2020. What they start spending again on will dictate the nation’s economic recovery.
The nation’s governments are on track to spend almost $330 billion dealing with the coronavirus pandemic while trebling the country’s net public debt to $1.3 trillion within three years.
The best back-to-back quarterly GDP results on record show how well Australia has handled the pandemic,but economic victory can’t be declared yet.