GDP dive more than a 'wake-up call', says Treasurer Morrison

Treasurer Scott Morrison has branded the dramatic end to five continuous years of economic growth "not just a reminder, not just a wake-up call, but a demand to support economic policies that drive investment and jobs".

Experts think economy has gone backwards

Financial market analysts believe the economy went backwards immediately after the July election, ending 5 years of continuous growth and calling into question the government's repeated promise to "deliver jobs and growth".

RBA holds rates amid fears of negative growth

The RBA kept its cash rate on hold in the lead-up to Christmas, playing down concerns over sliding business investment and a likely collapse in economic growth to keep the rate at 1.5 per cent.

Save the world, give workers a share in profits

• COMMENT

The world of wages has gotten out of whack.

'Plain disappointing'. Did Australia just go backwards?

A further slide in business investment has economic forecasters pondering the unthinkable: that the Australian economy shrank in the September quarter, and that next week’s GDP growth figure will have a minus sign in front of it.

How Turnbull could be the new Menzies and help first home buyers

• COMMENT

Turnbull and Morrison are genuinely concerned about the inability of ordinary Australians to buy houses and are open to ideas.

Stand by for a Reserve Bank rate hike, says OECD

The OECD believes the next move in Reserve Bank interest rates will be up, sometime before the end of 2017.

Win the election, buy some wheels. Seriously

Coalition voters spent up big on cars after Tony Abbott's 2013 win.

Most want weekend penalty rates, even those who don't work weekends

So popular are weekend penalty rates that a startling 76 per cent Australians who don't get them want them to stay.