Australians appear surprisingly upbeat about the economy and are willing to make long-term commitments, potentially providing a good platform for recovery.
Consumers are resorting to an old-fashioned form of economic protection — hoarding cash in the event the worst happens.
The Reserve Bank has signalled that consumer and business confidence will be a key uncertainty in the recovery -- but Treasury thinks we have the capacity for more fiscal stimulus if needed.
The government is refusing to talk about the economy beyond the end of June — because it would raise the question of how it plans to address persistent high unemployment.
How much money can you save while working from home during the coronavirus pandemic, and how do you calculate your total yearly savings?
What is wrong in NSW? Consumers in our biggest state are refusing to open their wallets, with retail sales still below the levels of early this year.
The business community is oddly silent as the government goes about killing investment and jobs as part of its ideological hatred of renewable energy.
Consumer sentiment has responded negatively to the budget, but it remains to be seen if that translate into real economic consequences, Glenn Dyer and Bernard Keane write.
Consumer sentiment might be down, but that won't necessarily translate into economic gloom -- especially given today's jobs numbers, write Bernard Keane and Glenn Dyer.