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Despite four successive quarters in which the economy’s rate of growth in “aggregate demand” has been very weak, our Reserve is delaying a reduction in interest rates because, it says, the level of demand is still higher than the level of supply. If so, the rate of inflation may not keep falling, or may even […]
If former Reserve Bank governor Philip Lowe will never live down his notorious statement that we shouldn’t expect interest rates to rise until 2024, what to make of his successor, Michele Bullock, and the RBA board, and their extraordinary statement yesterday trying to explain why, despite clobbering the economy into a coma, they’re not prepared […]
Key events Show key events only Please turn on JavaScript to use this feature Shadow treasurer Angus Taylor says the country is off track, and asks why Australian families are paying the price for the government’s “reckless spending”. Treasurer Jim Chalmers says the Coalition gave Australia much higher public debt and student debt, while Labor […]
Young people say proposed age ban of 16 ‘plucked from the air’ Josh Taylor Young people have expressed frustration that the proposed age for teens to be banned from social media at 16 appears to have no evidentiary backing and seemed to be “plucked from the air”. The opposition leader, Peter Dutton, said the Coalition […]
Australian Bureau of Statistics’ data sets show GDP at odds with labour force statistics — which makes no economic sense, writes Stephen Koukoulas. SOMETHING is not quite right with the data on the Australian economy. Never before has annual real gross domestic product (GDP) growth of 1.0 per cent – building on 18 months of economic sluggishness – been accompanied by booming […]