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    Policy

    Economy

    Today

    Boomers continue to cop flak from younger generations, much of it unfairly.

    Criticism of ‘stingy’ Baby Boomers misses the point

    Readers’ letters on generational attacks; the “war” between banks and mortgage brokers; robots and the Great Barrier Reef; Grant Hackett’s leadership; and Pauline Hanson’s silence.

    Economists at NAB say the pace of growth could be even weaker than analysts are expecting.

    GDP growth flatlined in March quarter: NAB

    National Australia Bank economists predict GDP figures this week could show economic activity ground to a halt at the start of the year, taking annual growth to just 1 per cent.

    • Updated
    • Michael Read

    May

    Stephen Jones.

    Labor shelves overhaul of ‘sophisticated investor’ test

    The changes are said to have been put on ice until at least after the next election, amid fierce backlash from tech start-ups and some funds managers.

    • Michael Read
    BYD electric taxis at a charging station in Taiyuan, Shanxi province.

    How higher US tariffs are helping China’s competitors

    American tariffs on imports from China will redirect economic activity toward third-country suppliers considered allies.

    • Arvind Subramanian
    Treasury secretary Steven Kennedy speech at the Australian Business Economist lunch on Thursday.

    Treasury boss warns PM: ‘Enormous benefits’ from Chinese solar panels

    Commenting on the government’s Future Made in Australia green industrial subsidies, Steven Kennedy says Australia ‘must not be distracted by ideas, frankly, over many decades, have been shown won’t work’.

    • John Kehoe
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    Australians are facing an economic environment of rapidly rising interest rates.

    GDP growth tipped to slump to 1.1pc, but don’t expect a rate cut

    Economists expect GDP figures next week could show annual growth slumped to just 1.1 per cent in March, after consumer spending and home building went backwards.

    • Michael Read
    Reserve Bank chief economist Sarah Hunter.

    Inflation ‘clearly’ still strong: RBA chief economist

    Sarah Hunter says price pressures remain strong, after hotter-than-expected inflation data led investors to push rate cuts to December 2025.

    • Michael Read
    RBA governor Michele Bullock isn’t getting the news she wants on inflation.

    The ASX is waking up to the RBA’s wicked inflation problem

    Equity market valuations assume a soft landing, but inflation data suggests the RBA has a big problem on its hands, as CPI remains sticky despite weak spending.

    • Updated
    • James Thomson
    Lendlease chief executive Tony Lombardo’s plan to offload the developer’s empire has been well received by investors.

    Global expansion vision survives Lendlease exit

    It’s a myth that Australian companies don’t do well overseas. Yet, it is hard not to be disappointed at this ebbing of an Australian company with vision in its blood from the start.

    • The AFR View
    Treasurer Jim Chalmers in parliament on Wednesday.

    Why rate cuts look even further away

    The latest inflation figures look like bad news for interest rates, even if the government doesn’t agree.

    • Jennifer Hewett
    Another hot inflation print has economists worried the Reserve Bank of Australia may need to raise rates again.

    No rate cuts until December 2025 as inflation stops falling

    Investors have pushed back the timing for the RBA’s first cash rate cut after inflation edged higher for a second straight month.

    • Michael Read

    How the world went from baby boom to baby bust

    Helping people have the children they want in ways that fit with their plans should be a focus of policy. It is essential to help women combine careers with children.

    • Updated
    • Martin Wolf

    Husic’s corporate tax call revives Hawke-Keating Labor spirit

    Rather than have his office rebuke his cabinet colleague for comments made at the Summit, the treasurer should start making the pro-business and pro-worker case for reform.

    • The AFR View
    The Carringbush Hotel is closing down because of rising costs.

    Pub would have to charge $20 a beer to survive. It’s closing instead

    Popular watering hole The Carringbush Hotel in Melbourne’s inner city is closing down under the weight of rising costs.

    • Gus McCubbing
    The Reserve Bank of Australia headquarters in Sydney is under renovation.

    RBA’s asbestos-ridden HQ shouldn’t be sold, MPs say

    The cost of renovating the RBA’s Martin Place headquarters has blown out fourfold to $1.1 billion, but forging ahead with the refurb is still the cheapest option.

    • Michael Read
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    Industry Minister Ed Husic at the Summit.

    Corporate tax reform needs to be on the table, says Husic

    This is an edited and abridged transcript of a speech followed by a question and answer session given by Minister for Industry and Science Ed Husic at The Australian Financial Review AI Summit. 

    • Ed Husic
    President-elect Prabowo Subianto has a long interest in Indonesian agriculture.

    Forget defence, agriculture is key to Prabowo’s Indonesia

    Indonesia is obsessed with food self-sufficiency, and free lunches for children was a key election promise from the new president. Australia can help him with both.

    • Robert Law
    Bank of England: central bank independence is neither old nor particularly sacrosanct.

    Why inflation will be back, sooner than you think

    Central banks cannot be as independent as we like to believe. And they would always rather avoid a recession than avoid inflation.

    • Kenneth Rogoff
    Consumer demand has been very weak by historical standards for well over a year.

    Cautious consumers to trigger more profit warnings

    Economists warned of more softness in consumer spending until tax cuts and government stimulus breathe new life into the economy amid a string of corporate profit warnings with more to come.

    • Michael Read and Simon Evans
    Australia’s investment visa requirements are set to be lifted.

    Securing Australia’s Asian destiny

    The Asia Summit provides fresh perspectives on how Asia is transforming Australia’s future through geopolitical competition, economic growth, technological innovation and social change.