The biggest expenditure of public funds since World War II,lockdowns and state border closures have prompted calls for a post-pandemic royal commission.
We’ve spent most of this year telling ourselves we’re in the worst recession since World War II. Turns out that’s true only in the recession’s depth.
A survey of 1000 businesses has found less than a third plan to use a key tax advantage put in place by the Morrison government to help support the economy.
The pandemic recession has resulted in a huge fall in interest rates this year that will save home buyers but hit depositors.
The end of the pandemic is in view,but recovery from the most traumatic global economic catastrophe since the Great Depression will be far from equal.
More than 170,000 jobs have disappeared from manufacturing and hospitality since the pandemic started,but areas like agriculture and mining are growing.
Federal,state and territory governments have ramped up their infrastructure spending by $46 billion to help get the economy out of recession.
If the biggest state,New South Wales,goes into hibernation,the Victorian economy will most surely take a hit.
Higher iron ore prices will deliver the sector a $26 billion windfall,but other resources and manufacturers are facing a tough end to the year.
New overseas research including work on Australia's tax system suggests planned tax cuts may boost inequality and fail to lift productivity.
The budget update is just a day old,but the Sydney coronavirus outbreak could force a rethink of key forecasts if it worsens.