Women have to be front and centre of the federal budget,according to Chief Executive Women,which warns a generation of young women could be left behind by the COVID-19 recession.
The government pinned its hopes on a gas-led recovery to save the economy from COVID-19. Instead,it was cashed-up consumers who kept the country afloat.
The economy is now almost 3.4 per cent larger than in late 2019 ahead of the pandemic,but the geopolitical environment and natural disasters may hurt the recovery.
Real wages are continuing to fall as inflation outpaces pay packets. It’s a problem for the economy,for voters and increasingly for Scott Morrison.
At 0.1 per cent,official interest rates have never been lower. Increasing them will show the economy improving,but politicians cannot admit that is the truth.
Treasury boss Steven Kennedy,who also sits on the RBA board,has warned interest rates will have to go up as the economy recovers strongly from the COVID-19 recession.
The first post-recession election in almost 30 years will ensure economic issues are front of mind for Scott Morrison and Anthony Albanese.
Real wages are falling and will continue to drop until well into next year,the RBA has revealed while predicting the nation’s jobless rate could tumble to 3 per cent as the economy recovers strongly from the Omicron outbreak.
A new report shows federal and state budgets are recovering from the COVID-hit of 2020-21. But the interest bill is likely to be higher than forecast.
Households and businesses have saved almost $400 billion through the pandemic. How that money is spent will be key to the recovery out of the September quarter.
The September quarter national accounts gave a rearview mirror insight into the hit from Delta. But the view ahead is just as difficult.