There is enough momentum for Australia’s unemployment rate to go lower than 4.2% in 2022. Keeping it low is another matter.
Articles on Australian economy
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Some political and business leaders have, from the outset of COVID-19, downplayed the economic costs of mass illness. We’re now seeing the result.
Even now much of the recovery in employment seems to be happening without big wage increases.
To calculate the cost of Australia’s closed border, we’ve focused on estimating losses from international tourists and students.
We need a tenfold increase in the digital economy budget spending for Australia to become a leading digital economy.
With younger people hit hardest by the pandemic’s economic impacts, it’s imperative to ensure an entire generation is not permanently disadvantaged.
The Reserve Bank should stick to its guns. Australia’s economy still needs all the support it can get.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
The federal government must provide more support if Victorian businesses and households are to survive the state’s Stage 4 lockdown.
He is trying to transition out of stage one while drawing up stage three.
This recession is not like any other in living memory. Phase one involved a massive supply shock. Phase two will involve dealing with a collapse in demand.
There are strong psychological drivers underpinning the impulse to splurge hard-earned money online. There are also some simple ways to stop.
Bill Kelty, former secretary of the ACTU, has outlined a five-point plan for Australia to approach the return from the coronavirus downturn.
More than eight out of 10 self-employed Australians have taken a significant financial hit from COVID-19, new ANUpoll data shows.
Despite veiled threats from the Chinese government, and the desire in some parts of the Australian community for a split, China and Australia need each other.
We now need a revolution in our national thinking about debt and deficits.
Michelle Grattan talks with Assistant Professor Caroline Fisher about the week in politics, including coronavirus, the Biosecurity Act and panic-buying, as well as the Australian economy.
Chinese travellers help create about 0.6% of Australia’s GDP. How long we keep them out will make a difference to economic growth.
The idea there is no government fate worse than debt is misleading at best.
Charter of Budget Honesty aside, we can expect assumptions that stretch credulity so the Australian government can maintain its surplus forecast.
Top contributors
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Scientia Professor of Economics, UNSW
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Professorial Fellow, University of Canberra
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Dean of Business School, University of Southern Queensland
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Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne
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Director, Centre of Policy Studies, Victoria University
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Professiorial Fellow, The University of Melbourne
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Professor of Economics, The University of Melbourne
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Professor of Economics, Monash University
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Industry Professor and Chief Economist, University of Technology Sydney
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School of Social Sciences, Monash University
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Professor of Economics, University of Canberra
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Professor of Macroeconomics, University of Sydney