Most of the 'reform' options being advanced won't address the dire economic forecasts released yesterday. Instead, the government will have to focus on households.
Australia is bigger, richer and less happy following three decades of growth. So where do we go from here?
We need to stop pretending the Australian economy isn't addicted to government support. And if the government is serious about reform, it shouldn't wait until late in the year to release a long-delayed budget.
The economy entered a dangerous phase in the December quarter while the government ignored all calls for economic leadership. Now it's trying to blame a virus for its own failings.
Australia's economic growth rate declined in the September quarter, with only government spending and good fortune on iron ore prices propping us up.
Our pursuit of 'population, participation and productivity' has created a strong economy. But it doesn't necessarily create a strong society.
During the election campaign, a tweet by the Liberal Party suggested Australia's record-breaking economic expansion will continue — are they correct?
Australia has a two-speed economy: iron ore exports are roaring along and services industries are piling on workers, but the rest of the economy, and especially construction and manufacturing, is in real trouble.
The only economic issue in the coming election should be household income and how wages policy can lift it.
Lack of wages growth is weighing on the economy, which is performing worse than expected, so much so an interest rate cut may be coming.