Without government spending on Medicare bulk-billing,pharmaceuticals and the NDIS,the country would already be in a recession.
This week’s national accounts suggest the RBA’s latest forecasts around households were wrong. But there are several key indicators it will watch before it moves on rates.
Over the past two weeks,17 federal Labor MPs in the cabinet,outer ministry and backbench have spoken frankly about the government. Their comments show anxiety is growing.
Most of us know the saying:slow and steady wins the race. Here’s why a slowdown doesn’t worry the Reserve Bank – and why interest rates will probably stay put.
Michele Bullock’s alert comes amid signs the business sector is also struggling with high inflation and rates.
The latest national accounts show an economy on the edge of a recession. Don’t blame the Reserve Bank – it’s responding to the symptoms of a problem long in the making.
Australia’s annual growth rate slumped to the lowest in 33 years. How will Labor explain that to the electorate?
Here’s what you need to know from the latest gauge of the economy – in five charts.
Treasurer Jim Chalmers has pushed back at claims from John Howard that the government is trying to blame the Reserve Bank for its economic troubles.
The treasurer is utterly at odds with those in the Reserve Bank who say the economy is running a bit too hot – and he does not mind if Australians watch the argument live.
Informed debate on the economy has been overtaken by populist rhetoric feeding an overblown distrust of institutions.