Did the RBA really say the 2020 recession is done and dusted? Yeah, nah. More that things aren't quite as bad as predicted.
Australia is officially in recession with the biggest ever contraction in GDP, despite a huge rise in government spending. But profits are doing nicely.
There'll be some extra value for the government's JobKeeper money when it's included in GDP — but JobSeeker payments will be left out.
With households and business keeping their wallets shut, only the mining industry and government spending is keeping the economy ticking over. Substantial stimulus is needed both to protect against the coronavirus downturn and lift growth beyond its current insipid level.
Good morning, early birds. Day three of Senate estimates did not disappoint, and a second Australian has died after contracting coronavirus. It's the news you need to know, with Chris Woods.
The cost is absolutely immense. But the final figures will depend on how quickly we rebuild.
Australia's economic growth rate declined in the September quarter, with only government spending and good fortune on iron ore prices propping us up.
It's increasingly evident that we've reelected a PM and government who have delivered the slowest economic growth in a decade. Not that you'd know it from listening to them.
Josh Frydenberg says there are "domestic challenges" to economic growth. The main challenge is one he and his government has created, and it's smashing the economy.