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.
Unending growth in the economy simply isn’t physically possible,and the more we keep growing the more we’ll damage the natural environment,to our great cost.
Australian households are paying the price for fixing an inflation problem they didn’t cause.