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Economy

Qantas CEO Alan Joyce at the AFR Business Summit in Sydney. (Image: AAP/Mick Tsikas)

Australia's ruling class is in denial. The AFR's business summit proves it.

Australia's business elite remains convinced all it needs to do to restore community trust is offer a better "narrative". It's a view only the deeply delusional and out of touch could possibly hold.

(Image: Unsplash/Marcus Spiske)

'GDP per capita recession'? Give us a break.

Yes, there was a "GDP per capita recession" in the second half of 2018. But no, we shouldn't be emphasising it.

Industry Super Australia chair and alleged company despoiler Greg Combet. (Image: AAP/JonoSearle)

Aussie boardrooms set to be overrun by union thugs... say the Oz and AFR

The latest scare campaign against industry super funds is the fantasy that trade unions will start calling the shots for big business.

RBA governor Philip Lowe (Image: AAP/Dean Lewins)

A big week for economic data — and the politicians hoping to get elected on it

Important data released this week will give us an idea of how the economy fared in 2018 — and enable us to assess the government's claims to economic competence ahead of the election.

Welfare spending has gone up under the Coalition

The claims that the Liberals are engaged in an attack on welfare aren't actually backed up by the numbers.

Fate of the economy lies in the hands of NSW voters

Voters in other states should cross their fingers and hope that Gladys Berejiklian's NSW Liberal Party is returned to government for the sake of the national economy.

Ready for another decade of stagnant wages?

Without bigger and more militant unions, Australian workers will go at least a decade without decent wage rises.

Liberal jobs boom gets second wind (but it's still not shifting wages)

Employment is once again growing very strongly — especially in NSW. So why are they getting zero credit for it from voters?

Wage stagnation continues, but low inflation means real wages growth

Poor wages growth is continuing for most Australian workers but very low inflation means real wages are up, even if they don't feel like it.

(Image: WikiCommons)

What the elites miscalculated about global trade

How Paul Krugman, one of the world's preeminent economists, explains the rise of the trade wars.