Topic archives: Australian economy

Psst Scott, here’s some some budget briefing notes if you need them

May 4, 2018 5

Could this be Scott Morrison's last chance to get the budget right? Here are some pointers on how he can achieve a strong surplus and begin rebuilding the nation’s crumbling wealth.

Has Morrison ‘turned the debt ship around’?

December 18, 2017 4

Australia's debt outlook is showing improvement. But Morrison’s claim this is evidence of “turning the debt ship around’’ might be regarded as premature.

Cash-strapped Aussies buying less as wages, retailers languish

November 6, 2017 17

The Australian Retailers Association responded with undisguised alarm to the latest figures.

Ruthless Xi Jinping consolidates power ahead of all-important Communist Party Congress

October 18, 2017 4

The upcoming Chinese Communist Party Congress could have serious ramifications for Australia.

Australia’s net worth in the doldrums despite global boom

October 17, 2017 8

Australia’s net worth tumbled in the two years Tony Abbott and Joe Hockey were PM and treasurer -- by a staggering $114.6 billion. It has collapsed by a further $76.2 billion since Turnbull took over.

The economy continues to tank under Moz, but don’t worry, it’s only hurting workers and the needy

September 29, 2017 9

Corporations are getting away with ever more tax evasion while assistance to the needy, children and those on welfare continues to fall. Hats off to Scott Morrison and Joe Hockey.

Chalmers: even Turnbull’s good economic news is terrible

September 28, 2017 6

Mathias Cormann and Scott Morrison are falling all over themselves to say that the economy as not as bad as they had thought it might be. But as shadow finance minister Jim Chalmers writes, that's not exactly good news.

Workers’ share of the pudding at an all-time low

September 22, 2017 10

What is transpiring now is quite bizarre: a sudden and apparently sustained collapse in workers’ share of wealth.

Think Scott Morrison is a good treasurer? Here are 40 reasons you are wrong

September 13, 2017 24

Suddenly everyone seems to have forgot to hate Scott Morrison, with his polling numbers surprisingly good. Here are 40 reasons his treasurership has been a shambles.

Australia’s construction sector is not just in decline. It’s the worst it has ever been.

September 1, 2017 3

Australia's construction industry has declined for three years in a row. This has never, ever happened before.

Razer: in the long run, household debt will kill us all

August 1, 2017 10

It’s not just Helen Razer and her Cassandra commie mates fretting. Australia is in a private debt hole from which we might not escape.

Yet another area of the economy the Abbott-Turnbull governments have mangled

July 20, 2017 12

Pretty much the only area of the economy that has improved under Malcolm Turnbull (and, earlier, Tony Abbott) is company profits -- but even then, only for a select few companies. And those working in construction haven't been so lucky.

Hockey v Morrison: who was the worse treasurer?

July 18, 2017 11

Staggering as it seems, Australia has had a worse treasurer than Joe Hockey. His name is Scott Morrison.

Don’t celebrate, ScoMo: job ad stats mask ugly truth about the labour market

June 8, 2017 4

The news of rising job ads is a welcome respite from the general gloom in the recent set of economic news. But it's a small piece in a much larger puzzle.

Talk about recession can become a self-fulfilling prophecy

June 5, 2017 4

The problem with using the r-word, is that it can spook consumers, who are already closing their wallets because of stagnant wages.

Coalition sets a number of new ‘worst ever’ records for economic management

June 1, 2017 5

May has been one of the weakest months for Australia’s economy since the Coalition came to office, writes economics reporter Alan Austin.

Peter Costello has finally left the building

May 9, 2017 4

It turns out taxes are not actually a “burden”, but a necessary revenue-raising measure in order to fund projects Australians want, writes The Australia Institute chief economist Richard Denniss.

Seven new terrible economic records ScoMo set in March

April 3, 2017 16

Scott Morrison has some new records to add to his quest to be known as Australia's worst treasurer.

Stronger economic growth should have government overjoyed

March 1, 2017 1

A strong GDP result and low wages growth should have Australian business overjoyed, Glenn Dyer and Bernard Keane write.

Why Scott Morrison is the world’s most blessed treasurer

March 1, 2017 23

Scott Morrison has made an absolute hash of the Australian economy. But luckily for him, the media does not seem interested in taking him to task for it, writes economics reporter Alan Austin.