Just spending money on handouts to bring down inflation is not Jim Chalmers’ main game.
Our materialism puts us on a “hedonic treadmill”. We think buying a bit more stuff will make us happier and,at first,it does. But pretty soon the thrill wears off.
Australia’s gas and coal exporters face a tricky next five years with prices expected to keep tumbling.
In the midst of a cost-of-living crisis,the national accounts give us an insight into the performance of the economy. Here are five graphs to explain it all.
The navy’s $11 billion reboot is fine on paper - as long as we don’t need to go to war any time in the next decade.
The soaring US economy and a surging Wall Street have created a problem for the world’s leading central bank.
GDP growth last year met a target of “about 5 per cent” but the detail in Wednesday’s economic data highlights the deep-seated problems confronting China.
China’s economy is now so big that its $US900 billion annual goods surplus is destabilising world trade,like an elephant in a rowing boat.
Consumers have been flattened by taxes,inflation and the Reserve Bank.
The national economic figures show households were already struggling before the Reserve Bank board lifted interest rates in November.
The likelihood is the economy will be growing more slowly from now on.