Economic recovery is “locked in” but Morrison government showing concern about the debts it has run up to defeat the coronavirus recession.
Steven Kennedy says the way Australia has controlled the pandemic and the amount of government money pumped into the economy mean the country is well on its way out of recession.
NAB’s monthly business survey shows trading conditions around Australia returning to long-term average levels,but Victorian firms are still shaking off the effects of COVID-19 shutdowns.
Economists have an appalling forecasting record,but we are undeterred in asking for more predictions.
One of the nation’s largest employer groups wants JobSeeker to snap back to the pre-coronavirus rate.
The CPI increased 0.9% to December,but there were significant cost increases in some sectors and falls in others due to government interventions.
The Australian economy enters 2021 in much better shape than most others – and healthier than the Reserve Bank of Australia,the government or most economists initially forecast.
Australians’ biggest worries have shifted amid the uncertainty and upheaval of coronavirus pandemic.
The coronavirus recession has upended the globe this year. But it is also a huge natural experiment for economists to test new theories.
Former deputy prime minister John Anderson,part of the last government to produce a budget surplus,says Australia has become complacent about debt and deficits.
The new year will end an emergency change to foreign investment rules,prompting calls from Labor for the system to be made more free of government intervention