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Policy

Economy

Today

Forced supermarket break-ups ‘a dopey idea’

Former Productivity Commission chairman Peter Harris questions legality of such an arrangement, citing the clause in the Constitution that saved The Castle’s Darryl Kerrigan.

  • 38 mins ago
  • Ronald Mizen
Treasurer Jim Chalmers in Washington.

The global narrative on rate cuts has just been rewritten

Treasurer Jim Chalmers and the other attendees at this week’s meeting of the G20 finance ministers and central bank governors may be suffering from whiplash.

  • Michael Read

Are we really getting inflation under control?

The price picture is more complicated than usual, with rising house prices one of the reasons that interest rates may not come down this year.

  • Karen Maley
Federal Treasurer Jim Chalmers and ACCC chairwoman Gina Cass-Gottlieb are reshaping Australia’s competition laws for the 21st century.

Five practical ways to turbocharge competition

Former productivity commission chairman Peter Harris suggests that supermarkets, banks and qualifications are some of the areas to focus on.

  • Ronald Mizen
Narendra Modi

Why India’s confidence is growing

Narendra Modi’s reign as prime minister is producing a less liberal but more assured nation that is predicated on the idea of Hindu supremacy.

  • Ravi Agrawal
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Yesterday

David Rowe

Australia must pay the price for defence and deterrence

A generation of politicians who grew up with a post-Cold War peace dividend are now struggling to switch from welfare to warfare.

  • The AFR View
Reserve Bank governor Michele Bullock’s mantra is that the path of interest rates will depend on the data.

Jobs numbers pose a sticky conundrum

The Albanese government can only publicly welcome the strength of the jobs market, but a receding horizon for rate cuts is always difficult for political leaders eyeing their election prospects.

  • Jennifer Hewett
Greens senator Nick McKim.

It’s political spending that feeds inflation, not Coles and Woolies

Readers’ letters on wasteful spending; the need for a Made in Australia policy; the fantasy of sustainable aviation fuel; Climate 200 candidates; confusing petrol prices; and Woodside’s climate dilemma.

Businesses are closing but the jobs market remains strong.

Business collapses hit record, jobs market stays strong

The slowing economy pushed a record number of businesses into insolvency last month, but just 6600 people lost their job, suggesting smaller firms were hit hardest.

  • Ronald Mizen
The Chinese economy consumed 296 million tonnes of  steel in 2019, but the RBA expects demand to fall by 80 per cent to 58 million tonnes by 2050.

China’s iron ore demand may have peaked, RBA warns

The country’s shrinking population is posing a multi-decade headwind for mining industry profits and government revenue.

  • Updated
  • Michael Read
The bar at Shot coffee shop in London’s Mayfair.

Is this flat white really worth $500 a cup?

If you thought coffee was getting expensive in Melbourne, it’s hard to beat the eye-watering price for this Japanese-grown coffee in London’s Mayfair.

  • Blathnaid Corless

This Month

Inaugural Productivity Commission chairman Gary Banks: I have to say I’m not sure how much more such reform our country can stand!

So-called ‘reform’ is working against the productivity objective

The government’s (self-)celebrated productivity agenda is mainly a spending agenda, indeed a spending more agenda, and avoids the regulatory reforms we need.

  • Gary Banks
The attack on Woolworths chief executive Brad Banducci was egregious.

Attack on Banducci financially illiterate

Readers’ letters on the clash between Woolworths chief executive Brad Banducci and Greens senator Nick McKim; violence in Sydney; fixed parliamentary terms; and manufacturing in Australia

A double-dip recession in the land of the long white cloud

Recent reports have also revealed sluggish consumer spending, a pronounced slide in manufacturing, and bleak business confidence in New Zealand.

  • Daniel Moss
The warning from the IMF came alongside new forecasts showing the Australian economy will grow at a historically slow pace this year.

Sticky inflation could cause sharemarket sell-off: IMF

The IMF’s warning came alongside new forecasts showing the Australian economy will grow at a historically slow pace this year.

  • Michael Read
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Albanese’s central argument for his “Made in Australia” is a subtle variation on the standard 8-year-old’s defence for bad behaviour: “but they did it first.”

The dangers in using the wrong policy tools for the jobs

There are tangible costs and collateral damage when governments use the wrong instruments for the task at hand.

  • Richard Holden
Federal treasurer Jim Chalmers and ACCC chairwoman Gina Cass-Gottlieb are reshaping Australia’s competition laws for the 21st century.

Labor’s making merger law fit for a modern economy

The government’s reforms will make Australia’s approval system faster, stronger, simpler, more targeted and more transparent.

  • Andrew Leigh
Bernie Fraser: “Taking a lead and identifying all these possibilities is a bit risky for taxpayers and their money.”

PM’s Made in Australia plan a risk to taxpayers: former RBA boss

Bernie Fraser, the only person to serve as both RBA governor and Treasury secretary, has warned governments have a poor record of picking winners.

  • Michael Read
Tourism, education, and selected minerals are Australia’s strongest cards. along with selected minerals.

Forget Made in Australia: we should do the things we already do well

We can’t be sure what the industries of the future will be, so it’s more prudent to compete in fields where Australia already has a good reputation.

  • Ed Shann
Labor is to be commended for facing up to fierce global competition for manufacturing investment and putting manufacturing at the centre of its policy agenda.

Four ways Australia can lift investment in manufacturing

Incentives and subsidies to make things in Australia will work only if the big policy settings are right as well.

  • Ben Eade