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australian economy

Economics 101: house prices are surging because of low supply | Stephen Koukoulas

Economics 101: house prices are surging because of low supply | Stephen Koukoulas

You can argue all you like about tax rules on capital gains and negative gearing, but basic rules still apply in the Australian market. Look at PerthHouse prices in Australia’s two biggest cities
Five ways in which a Trump presidency could affect Australia

Five ways in which a Trump presidency could affect Australia

From climate change to security, experts give their first thoughts on how a Trump win could change the country and the regionWe asked a panel of experts how a Donald Trump presidency could affect
Asia's emerging currencies plunge amid fears of Trump trade barriers

Asia's emerging currencies plunge amid fears of Trump trade barriers

Concerns about possible US inflation also acted to push the US dollar higher against units such as the Indonesian rupiah and Malaysian ringgit Asia’s emerging currencies have have been hit hard by a
'Temporary factors' behind Australia's recent economic growth spurt, IMF says

'Temporary factors' behind Australia's recent economic growth spurt, IMF says

Annual review of the Australian economy also criticises rise in underemployment and longer-term unemployment The Australian economy could expect a stronger performance if the recent improvement in the
Trump Pacific Partnership? New Zealand PM's idea to save TPP

Trump Pacific Partnership? New Zealand PM's idea to save TPP

John Key at Apec summit jokes ‘cosmetic changes’ could appease US president-elect over sweeping trade dealThe threatened TPP trade pact could be rebadged as the “Trump Pacific Partnership” to satisfy
Australian dollar falls to five-month low as Trump rally continues

Australian dollar falls to five-month low as Trump rally continues

The Aussie sank to US73.22c as traders pushed up the US dollar in the wake of the Republican’s presidential victoryThe Australian dollar has slid to its lowest level against its US counterpart since
Australian GDP: economy shrinks by 0.5% in September quarter

Australian GDP: economy shrinks by 0.5% in September quarter

New figures show GDP receded in the third quarter raising prospect of recession and also likely to put pressure on federal government revenueAustralia’s economy slipped backwards in the September
Scott Morrison: recession not needed to make case for company tax cuts

Scott Morrison: recession not needed to make case for company tax cuts

Treasurer says he would prefer policy changes were accepted before economic emergency, but Labor blames shrinking growth on Coalition’s lack of strategyScott Morrison says he does not want to wait for
2016 in review: where did the jobs and growth go? – podcast

2016 in review: where did the jobs and growth go? – podcast

Greg Jericho, Katharine Murphy, Gareth Hutchens and the West Australian’s economics editor, Shane Wright, look back at the year in economics on this episode of Australian politics live. When the
The economy has bounced back, but workers aren't seeing the benefits | Greg Jericho

The economy has bounced back, but workers aren't seeing the benefits | Greg Jericho

The boost to the latest GDP figures has come from commodity prices and is not trickling down into wage risesThe latest GDP figures are a prime example of the great divergence of major economic
What is a robot exactly – and how do we make it pay tax?

What is a robot exactly – and how do we make it pay tax?

Bill Gates’s idea of taxing robots sounds like common sense but we need more practicable ways of redistributing wealthA tax on robots is one of those ideas that sounds attractive, and when it’s put
Corporate tax cuts could finally turn Australians against big business | Peter Lewis

Corporate tax cuts could finally turn Australians against big business | Peter Lewis

The corporate world has a lot to lose from today’s populist shift. Its long-term stability will depend on a radical rethink of its values The Western Australian election result confirms that the
Australian economy set to prosper as commodities recover, says IMF

Australian economy set to prosper as commodities recover, says IMF

The world recovery is gaining momentum which is a bonus for Australia as a commodity exporterThe global economy is gaining momentum which should be good news for Australia’s commodities-based
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho

IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho

Latest IMF world outlook is most positive in years – although that’s not saying much – and it’s looking closely at falling shares of income to labourThe latest IMF world economic outlook released on
Federal budget 2017: the 10 graphs you need to see | Greg Jericho

Federal budget 2017: the 10 graphs you need to see | Greg Jericho

After nearly a decade of saying the problem was all on the spending side, the Liberal party has finally admitted that there is a revenue problem • The 2017 budget at a glanceWhat do you do when you
The Hawke-Keating agenda was Laborism, not neoliberalism, and is still a guiding light | Wayne Swan

The Hawke-Keating agenda was Laborism, not neoliberalism, and is still a guiding light | Wayne Swan

If centre-left parties wish to escape the poison of trickle-down policies, they should look to the real outcomes of policies implemented from 1983 onwardsLanguage in politics is a fraught business.
Australia's manufacturing industry on rebound, report says

Australia's manufacturing industry on rebound, report says

Sector’s jobs swell by 40,000 in 12 months and productivity returns to near peak, with voter support for government helpAustralia’s manufacturing industry could be poised for recovery, according to a
Unemployment is falling, but so are wages. It's the latest of a very long slide | Greg Jericho

Unemployment is falling, but so are wages. It's the latest of a very long slide | Greg Jericho

It is hardly news any more to say that we have a record low in wage growth. But it’s becoming a problem for workers, companies and the government alikeGreg Jericho is a Guardian Australia columnistThe
Is neoliberalism dead? Ed Balls and Wayne Swan respond – Australian politics live podcast

Is neoliberalism dead? Ed Balls and Wayne Swan respond – Australian politics live podcast

‘I think it’s dead but I don’t think everyone has quite worked that out yet,’ Ed Balls, the former UK chancellor, says. He joins former Australian treasurer Wayne Swan to talk about the future of the
Is it time for Labor to challenge the hands-off approach to industrial relations | Greg Jericho

Is it time for Labor to challenge the hands-off approach to industrial relations | Greg Jericho

If employer groups seem happier with the enterprise bargaining system than unions, maybe a shift in policy is neededGreg Jericho is a Guardian Australia columnist Record low wages growth has led the