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Policy

Economy

Yesterday

History shows energy transition is for the good

Australia needs to reframe the whole debate about heading into a low-carbon future from culture warfare to something rational and positive.

  • The AFR View

Why this economic recovery is different

Incredibly, during the COVID-19 recession, household incomes rose and business profits increased, leaving consumers and companies well placed to drive the next phase of the economic recovery.

  • John Kehoe

Frustration builds as locked-down Melbourne kept in the dark

Melbourne’s lockdown muscle memory has kicked in quickly this time around, but there’s a growing sense of frustration about what the city is trying to achieve.

  • James Thomson

RBA’s ‘flexible’ QE may be coming

When the RBA unveils its highly anticipated monetary policy decision next month, governor Philip Lowe may be wise to give himself flexibility.

  • Updated
  • John Kehoe

China just one of many trade problems

The high dollar, rising costs and a lack of business-friendly reforms are hampering the ability to find new markets, say Australian exporters.

  • Jacob Greber
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In Victoria’s lockdowns, it pays to be a public servant

Victorian public servants were paid $669 million more and non-public servants had a pay cut of $3.54 billion during last year’s COVID-19 closures.

  • Aaron Patrick

This Month

Speed up, take ownership, and hit vaccine target

Vaccination has been slowed for lack of a national plan, a target, and a face to front up the effort. All of them are needed to bring public urgency.

  • The AFR View

The problem with PIMCO’s ‘inflation head-fake’ call

Inflation talk is everywhere and that in itself could help push up the risk of an inflation shock. 

  • James Thomson

Stamp duty and renovations driving recovery

Spending on stamp duty and home renovations accounted for 0.9 percentage points of the 1.1 per cent increase in GDP over the past year.

  • Michael Read

Melbourne business needs to know road out

Melbourne business owners are being kept in the dark about the state government’s road out of lockdown. They deserve more.

  • James Thomson

Future growth needs open borders and supply-side reform

The so-called shock absorbers rolled out to hold the economy together have turned out to be more like a trampoline. But we can’t ignore the looming headwinds.

  • The AFR View

Bullish business is investing – and it’s not just tradies buying utes

Businesses with stimulus-fuelled balance sheets are responding to strong consumer demand and federal government tax incentives to buy plant, equipment and vehicles.

  • John Kehoe

Economists sound first warning bells on inflation

The inflation beast has been truly quelled in the past 30 years, but it has a nasty habit of gathering speed when least expected.

  • Chris Giles

The fruits of productivity reform wait for bolder politics

It’s said that politics has changed since the golden age of reform in the 1980s and 1990s. But that’s all the more reason to make the effort that seems lacking now.

  • Gary Banks

‘Sugar hit’ budget could cost everyone $10,000 a year

Former Productivity Commission boss Gary Banks warns that a lack of serious economic reform will cost each Australian $10,000 a year in forgone income.

  • John Kehoe
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Australia needs more than people power

Unless productivity rises alongside it, a rising population of migrants spells political dangers too.

  • John Kehoe

‘Revenge consumption’ could push up inflation, says RBA

The central bank’s head of economic analysis says the increase in household income during the pandemic is ‘unprecedented’ compared with past downturns.

  • Michael Read

Surge of confidence as iron ore, retail boost GDP

Economists from the big four banks expect gross domestic product to grow by up to 2.1 per cent in the March quarter, pushing activity past pre-pandemic levels.

  • Updated
  • Michael Read and John Kehoe

RBA sees skill shortages, but no sign of wages pressures

While business complains the international border closure is causing skills shortages, the RBA is seeing no firm evidence this is showing up in higher wages.

  • John Kehoe

RBA holds rates but cautions property investors

The RBA called out the greater role investors are now playing in the booming property market.

  • Michael Read